Oshkosh (NYSE:OSK) Given New $130.00 Price Target at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its price target lifted by JPMorgan Chase & Co. from $120.00 to $130.00 in a research note published on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also commented on OSK. DA Davidson upgraded Oshkosh from a neutral rating to a buy rating and raised their price target for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. The Goldman Sachs Group increased their price objective on Oshkosh from $104.00 to $116.00 and gave the company a neutral rating in a research note on Wednesday, January 31st. TheStreet upgraded Oshkosh from a c rating to a b- rating in a research note on Tuesday, January 30th. Truist Financial initiated coverage on Oshkosh in a research note on Thursday, March 14th. They issued a hold rating and a $121.00 price objective on the stock. Finally, Citigroup increased their price objective on Oshkosh from $115.00 to $130.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $120.25.

Oshkosh Trading Down 0.3 %

OSK opened at $119.98 on Tuesday. Oshkosh has a 52 week low of $72.09 and a 52 week high of $127.98. The business has a fifty day simple moving average of $116.24 and a 200-day simple moving average of $105.80. The firm has a market cap of $7.87 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 EPS 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 analyst estimates of $2.46 billion. During the same period last year, the business posted $1.60 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts expect that Oshkosh will post 10.32 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.46 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.53%. Oshkosh’s payout ratio is 20.26%.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the business’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 sale, the senior vice president now owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hennessy Advisors Inc. raised its position in shares of Oshkosh by 14.1% during the 1st quarter. Hennessy Advisors Inc. now owns 251,800 shares of the company’s stock worth $31,402,000 after purchasing an additional 31,100 shares during the last quarter. Atlas Capital Advisors LLC raised its position in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares during the last quarter. Global Assets Advisory LLC acquired a new position in shares of Oshkosh during the 1st quarter worth approximately $2,504,000. AdvisorNet Financial Inc raised its position in shares of Oshkosh by 3,621.8% during the 1st quarter. AdvisorNet Financial Inc now owns 3,759 shares of the company’s stock worth $469,000 after purchasing an additional 3,658 shares during the last quarter. Finally, Alaska Permanent Fund Corp raised its position in shares of Oshkosh by 296.2% during the 1st quarter. Alaska Permanent Fund Corp now owns 16,120 shares of the company’s stock worth $2,010,000 after purchasing an additional 12,051 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Company Profile

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.