Oshkosh (NYSE:OSK) PT Raised to $158.00 at Robert W. Baird

Oshkosh (NYSE:OSK) had its target price lifted by Robert W. Baird from $140.00 to $158.00 in a research note published on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley initiated coverage on Oshkosh in a research note on Monday, January 8th. They set an equal weight rating and a $102.00 price objective for the company. StockNews.com raised Oshkosh from a hold rating to a buy rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $120.00 to $130.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Finally, TheStreet upgraded shares of Oshkosh from a c rating to a b- rating in a report on Tuesday, January 30th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $123.50.

Oshkosh Trading Down 0.9 %

OSK stock opened at $117.66 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. Oshkosh has a twelve month low of $72.09 and a twelve month high of $127.98. The company has a market cap of $7.72 billion, a P/E ratio of 11.26, a PEG ratio of 1.38 and a beta of 1.29. The business has a fifty day moving average of $117.49 and a 200-day moving average of $107.24.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company earned $1.59 EPS. Oshkosh’s revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that Oshkosh will post 11.31 EPS for the current 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 dividend of $0.46 per share. The ex-dividend date is Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. Oshkosh’s dividend payout ratio is currently 17.61%.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company’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 of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Oshkosh

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management increased its position in shares of Oshkosh by 410.6% in the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock valued at $200,384,000 after acquiring an additional 1,486,402 shares during the last quarter. Norges Bank acquired a new position in shares of Oshkosh during the 4th quarter worth approximately $83,524,000. Assenagon Asset Management S.A. increased its position in shares of Oshkosh by 1,374.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock worth $27,877,000 after purchasing an additional 239,707 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Oshkosh in the 4th quarter valued at approximately $23,926,000. Finally, Vanguard Group Inc. grew its stake in shares of 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 in the last quarter. 92.36% of the stock is 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.