Oshkosh (NYSE:OSK) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Oshkosh (NYSE:OSKFree Report) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Other analysts also recently issued reports about the company. The Goldman Sachs Group upped their price objective on Oshkosh from $104.00 to $116.00 and gave the stock a neutral rating in a research report on Wednesday, January 31st. Truist Financial assumed coverage on Oshkosh in a research report on Thursday, March 14th. They set a hold rating and a $121.00 price objective for the company. Wells Fargo & Company increased their target price on Oshkosh from $114.00 to $122.00 and gave the company an equal weight rating in a research report on Wednesday, January 31st. Morgan Stanley assumed coverage on Oshkosh in a research report on Monday, January 8th. They issued an equal weight rating and a $102.00 target price for the company. Finally, Evercore ISI increased their target price on Oshkosh from $122.00 to $124.00 and gave the company an outperform rating in a research report on Tuesday, February 20th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of Moderate Buy and an average price target of $117.94.

View Our Latest Report on OSK

Oshkosh Stock Performance

OSK opened at $124.77 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45. Oshkosh has a 52-week low of $72.09 and a 52-week high of $124.99. The firm has a market cap of $8.18 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.61 and a beta of 1.28. The business’s fifty day moving average is $112.76 and its 200-day moving average is $103.33.

Oshkosh (NYSE:OSKGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the company earned $1.60 EPS. Oshkosh’s revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts expect that Oshkosh will post 10.3 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were paid a $0.46 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, February 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.47%. Oshkosh’s dividend payout ratio is presently 20.26%.

Insider Activity

In related news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Oshkosh

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Oshkosh by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock worth $773,014,000 after purchasing an additional 219,375 shares during the period. BlackRock Inc. grew its stake in Oshkosh by 3.1% in the second quarter. BlackRock Inc. now owns 6,225,345 shares of the company’s stock valued at $539,053,000 after acquiring an additional 185,743 shares during the period. Greenhaven Associates Inc. grew its stake in Oshkosh by 0.5% in the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after acquiring an additional 11,100 shares during the period. State Street Corp grew its stake in Oshkosh by 2.3% in the first quarter. State Street Corp now owns 1,891,453 shares of the company’s stock valued at $157,331,000 after acquiring an additional 43,172 shares during the period. Finally, LSV Asset Management grew its stake in Oshkosh by 410.6% in the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock valued at $200,384,000 after acquiring an additional 1,486,402 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

About Oshkosh

(Get Free Report)

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. 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.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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