StockNews.com Downgrades Oshkosh (NYSE:OSK) to Hold

Oshkosh (NYSE:OSK) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other equities analysts have also recently weighed in on OSK. Truist Financial raised their price objective on Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a report on Friday. Citigroup lifted their price target on Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Evercore ISI lifted their price target on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. UBS Group lifted their price target on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley initiated coverage on Oshkosh in a research note on Monday, January 8th. They issued an “equal weight” rating and a $102.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Oshkosh has an average rating of “Moderate Buy” and a consensus target price of $123.50.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $117.66 on Friday. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.39 and a beta of 1.29. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. The stock’s 50-day moving average is $117.49 and its 200 day moving average is $107.16.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. Oshkosh’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.59 EPS. On average, sell-side analysts anticipate that Oshkosh will post 11.25 EPS for the current fiscal year.

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 stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares in the company, valued at approximately $1,503,518.62. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently made changes to their positions in OSK. CWM LLC boosted its position in shares of Oshkosh by 18.8% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $218,000 after purchasing an additional 362 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Oshkosh during the third quarter valued at approximately $1,325,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Oshkosh during the third quarter valued at approximately $86,000. Commonwealth Equity Services LLC raised its stake in Oshkosh by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 28,652 shares of the company’s stock valued at $2,734,000 after buying an additional 2,226 shares during the last quarter. Finally, FinTrust Capital Advisors LLC purchased a new position in Oshkosh during the third quarter valued at $191,000. 92.36% of the stock is currently owned by institutional investors.

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.