Oshkosh (NYSE:OSK) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Oshkosh (NYSE:OSK) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Other research analysts have also issued reports about the stock. TheStreet raised shares of Oshkosh from a c rating to a b- rating in a research note on Tuesday, January 30th. Morgan Stanley assumed coverage on Oshkosh in a research report on Monday, January 8th. They set an equal weight rating and a $102.00 price target for the company. Truist Financial started coverage on Oshkosh in a report on Thursday, March 14th. They issued a hold rating and a $121.00 price objective on the stock. Evercore ISI upped their target price on shares of Oshkosh from $122.00 to $124.00 and gave the stock an outperform rating in a report on Tuesday, February 20th. Finally, Wells Fargo & Company increased their target price on shares of Oshkosh from $114.00 to $122.00 and gave the company an equal weight rating in a research report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $117.94.

Oshkosh Stock Performance

Shares of OSK stock opened at $126.93 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh has a 12-month low of $72.09 and a 12-month high of $127.98. The business’s 50 day moving average is $115.02 and its two-hundred day moving average is $104.67. The company has a market capitalization of $8.32 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.62 and a beta of 1.29.

Oshkosh (NYSE:OSK) last announced its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.32. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. Analysts expect that Oshkosh will post 10.32 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a $0.46 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio is currently 20.26%.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Oshkosh by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock valued at $773,014,000 after buying an additional 219,375 shares during the last quarter. BlackRock Inc. lifted its position in shares of Oshkosh by 4.7% during the first quarter. BlackRock Inc. now owns 6,039,602 shares of the company’s stock worth $502,374,000 after purchasing an additional 272,691 shares in the last quarter. Greenhaven Associates Inc. lifted its position in shares of Oshkosh by 0.5% during the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock worth $267,750,000 after purchasing an additional 11,100 shares in the last quarter. State Street Corp lifted its position in shares of Oshkosh by 2.3% during the first quarter. State Street Corp now owns 1,891,453 shares of the company’s stock worth $157,331,000 after purchasing an additional 43,172 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Oshkosh by 410.6% during the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock worth $200,384,000 after purchasing an additional 1,486,402 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

About Oshkosh

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.