Oshkosh (NYSE:OSK) Cut to Neutral at Robert W. Baird

Robert W. Baird cut shares of Oshkosh (NYSE:OSKGet Rating) from an outperform rating to a neutral rating in a report released on Friday morning, Marketbeat Ratings reports. They currently have $92.00 target price on the stock.

Several other equities analysts also recently commented on the stock. Bank of America downgraded shares of Oshkosh from a buy rating to a neutral rating and set a $125.00 price target on the stock. in a research note on Friday, January 7th. KeyCorp upped their price target on shares of Oshkosh from $125.00 to $130.00 and gave the company an overweight rating in a research note on Thursday, January 27th. Raymond James upped their price target on shares of Oshkosh from $130.00 to $135.00 and gave the company an outperform rating in a research note on Thursday, January 13th. StockNews.com initiated coverage on shares of Oshkosh in a research note on Thursday, March 31st. They issued a hold rating on the stock. Finally, Wells Fargo & Company initiated coverage on shares of Oshkosh in a research report on Friday, March 11th. They set an equal weight rating and a $117.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $127.59.

NYSE:OSK opened at $93.88 on Friday. Oshkosh has a one year low of $93.06 and a one year high of $137.47. The company has a market cap of $6.27 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.55 and a beta of 1.39. The firm’s fifty day moving average price is $108.17 and its two-hundred day moving average price is $110.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.05 and a quick ratio of 1.46.

Oshkosh (NYSE:OSKGet Rating) last released its quarterly earnings data on Wednesday, January 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.10). Oshkosh had a net margin of 5.15% and a return on equity of 10.32%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. Oshkosh’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities research analysts expect that Oshkosh will post 6.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 25th. Investors of record on Friday, February 11th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, February 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. Oshkosh’s dividend payout ratio (DPR) is presently 25.08%.

In related news, SVP Thomas P. Hawkins sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, January 31st. The shares were sold at an average price of $112.47, for a total value of $393,645.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in shares of Oshkosh by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the company’s stock worth $1,984,000 after purchasing an additional 100 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Oshkosh by 2.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,897 shares of the company’s stock worth $552,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System raised its stake in shares of Oshkosh by 0.5% during the 3rd quarter. Arizona State Retirement System now owns 18,691 shares of the company’s stock worth $1,913,000 after purchasing an additional 102 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Oshkosh by 5.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,036 shares of the company’s stock worth $229,000 after purchasing an additional 113 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Oshkosh by 7.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,707 shares of the company’s stock worth $192,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 96.47% of the company’s stock.

Oshkosh Company Profile (Get Rating)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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