Oshkosh (NYSE:OSK) Price Target Increased to $140.00 by Analysts at Stifel Nicolaus

Oshkosh (NYSE:OSK) had its price objective raised by Stifel Nicolaus from $135.00 to $140.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on OSK. Evercore ISI upped their price target on shares of Oshkosh from $122.00 to $124.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Morgan Stanley began coverage on shares of Oshkosh in a research report on Monday, January 8th. They issued an equal weight rating and a $102.00 price target for the company. Citigroup upped their price target on shares of Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $120.00 to $130.00 and gave the stock a neutral rating in a research report on Tuesday, April 16th. Finally, Wells Fargo & Company boosted their price target on shares of Oshkosh from $114.00 to $122.00 and gave the stock an equal weight rating in a research note on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $123.50.

Oshkosh Stock Down 0.9 %

Shares of OSK stock opened at $117.66 on Friday. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98. The stock has a market cap of $7.69 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.37 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. The company has a 50 day simple moving average of $117.49 and a two-hundred day simple moving average of $107.24.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 earnings per share. On average, research analysts expect that Oshkosh will post 11.31 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, May 10th. This represents a $1.84 annualized dividend and a yield of 1.56%. Oshkosh’s payout ratio is presently 17.61%.

Insider Transactions at Oshkosh

In other Oshkosh 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 completion of the transaction, the senior vice president now owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.58% of the company’s stock.

Institutional Trading of Oshkosh

Institutional investors and hedge funds have recently made changes to their positions in the business. SlateStone Wealth LLC bought a new position in shares of Oshkosh in the first quarter worth about $224,000. New York State Teachers Retirement System increased its position in shares of Oshkosh by 8.8% during the first quarter. New York State Teachers Retirement System now owns 92,785 shares of the company’s stock worth $11,571,000 after acquiring an additional 7,516 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Oshkosh by 2.2% during the first quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the company’s stock valued at $2,345,000 after acquiring an additional 400 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Oshkosh by 41.2% in the first quarter. Venturi Wealth Management LLC now owns 449 shares of the company’s stock valued at $56,000 after purchasing an additional 131 shares during the period. Finally, Stablepoint Partners LLC grew its stake in Oshkosh by 19.2% in the first quarter. Stablepoint Partners LLC now owns 20,069 shares of the company’s stock worth $2,503,000 after purchasing an additional 3,236 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

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.