Oshkosh (NYSE:OSK) Rating Increased to Buy at StockNews.com

Oshkosh (NYSE:OSK) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their target price on Oshkosh from $110.00 to $104.00 and set a “neutral” rating for the company in a report on Monday, October 16th. Robert W. Baird upgraded shares of Oshkosh from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $92.00 to $137.00 in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and set a $115.00 target price on shares of Oshkosh in a report on Thursday, August 31st. Citigroup raised shares of Oshkosh from a “neutral” rating to a “buy” rating and raised their price target for the company from $110.00 to $115.00 in a research note on Friday, October 13th. Finally, Raymond James boosted their price objective on shares of Oshkosh from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.33.

Oshkosh Trading Up 3.4 %

OSK opened at $97.94 on Monday. The company has a market cap of $6.41 billion, a P/E ratio of 12.34, a PEG ratio of 0.23 and a beta of 1.36. The company has a current ratio of 1.45, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $94.30 and its 200-day moving average is $90.08. Oshkosh has a 1-year low of $72.09 and a 1-year high of $106.66.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, October 26th. The company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.85. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.47 billion. Oshkosh had a net margin of 5.56% and a return on equity of 17.55%. During the same quarter last year, the business posted $1.00 earnings per share. Equities research analysts predict that Oshkosh will post 9.52 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Michael E. Pack sold 8,075 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $103.11, for a total transaction of $832,613.25. Following the transaction, the chief financial officer now directly owns 16,974 shares of the company’s stock, valued at $1,750,189.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP John S. Verich sold 400 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $103.88, for a total transaction of $41,552.00. Following the completion of the sale, the senior vice president now owns 3,050 shares in the company, valued at $316,834. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael E. Pack sold 8,075 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $103.11, for a total value of $832,613.25. Following the transaction, the chief financial officer now directly owns 16,974 shares in the company, valued at $1,750,189.14. The disclosure for this sale can be found here. Insiders sold 18,725 shares of company stock worth $1,941,343 in the last quarter. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Oshkosh

Hedge funds and other institutional investors have recently bought and sold shares of the business. WealthPLAN Partners LLC acquired a new position in shares of Oshkosh during the first quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in Oshkosh during the 2nd quarter worth approximately $26,000. Money Concepts Capital Corp increased its holdings in Oshkosh by 1,359.1% during the 4th quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 299 shares in the last quarter. Signaturefd LLC raised its stake in shares of Oshkosh by 86.7% in the second quarter. Signaturefd LLC now owns 366 shares of the company’s stock worth $32,000 after purchasing an additional 170 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new position in shares of Oshkosh in the third quarter valued at approximately $32,000. Institutional investors own 88.71% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.