Oshkosh Co. (NYSE:OSK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Oshkosh Co. (NYSE:OSK) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $123.50.

A number of equities analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Oshkosh in a research note on Monday, January 8th. They issued an “equal weight” rating and a $102.00 price objective for the company. Truist Financial raised their target price on shares of Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a report on Friday. Robert W. Baird raised their target price on shares of Oshkosh from $140.00 to $158.00 and gave the stock an “outperform” rating in a report on Friday. DA Davidson upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $122.00 to $130.00 in a report on Friday, March 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st.

Oshkosh Stock Performance

OSK opened at $117.58 on Friday. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.54 and a beta of 1.29. The company has a fifty day moving average of $117.49 and a 200 day moving average of $107.07. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98. 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 (NYSE:OSK) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the company posted $1.59 EPS. The business’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Oshkosh will post 10.33 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s payout ratio is currently 20.26%.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction that occurred on 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 approximately $1,503,518.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Atlas Capital Advisors LLC grew its position in shares of Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 139 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in Oshkosh during the 3rd quarter worth approximately $32,000. Rise Advisors LLC grew its position in Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Venturi Wealth Management LLC grew its position in Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after purchasing an additional 111 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Oshkosh during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors 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.