Oshkosh (NYSE:OSK) Given New $147.00 Price Target at Evercore ISI

Oshkosh (NYSE:OSK) had its price target lifted by Evercore ISI from $137.00 to $147.00 in a report released on Monday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Truist Financial lowered their price target on Oshkosh from $94.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group lowered their price target on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Raymond James raised their price target on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Bank of America raised their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Finally, Robert W. Baird lowered their price target on Oshkosh from $163.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.93.

Oshkosh Price Performance

Shares of OSK stock opened at $102.73 on Monday. Oshkosh has a 1-year low of $76.82 and a 1-year high of $119.05. The stock’s 50-day moving average is $90.92 and its 200 day moving average is $98.68. The company has a market cap of $6.61 billion, a P/E ratio of 9.93, a PEG ratio of 1.45 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $2.89 EPS. Oshkosh’s revenue for the quarter was down 9.1% compared to the same quarter last year. Research analysts predict that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh’s dividend payout ratio is currently 21.79%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. Blue Trust Inc. raised its position in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares in the last quarter. CX Institutional purchased a new position in Oshkosh during the first quarter valued at approximately $28,000. Coppell Advisory Solutions LLC raised its position in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after acquiring an additional 186 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other 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.