Oshkosh (NYSE:OSK) Upgraded by Truist Financial to “Buy” Rating

Truist Financial upgraded shares of Oshkosh (NYSE:OSK) from a hold rating to a buy rating in a report released on Tuesday morning, Marketbeat reports. Truist Financial currently has $127.00 price target on the stock, up from their prior price target of $93.00.

OSK has been the subject of a number of other research reports. Citigroup reiterated a “buy” rating and issued a $105.00 target price (up previously from $95.00) on shares of Oshkosh in a research note on Tuesday, May 6th. Robert W. Baird lowered their price objective on Oshkosh from $163.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Morgan Stanley lowered their price objective on Oshkosh from $110.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. DA Davidson lowered their price objective on Oshkosh from $120.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, KeyCorp lowered their price objective on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $117.36.

Oshkosh Price Performance

OSK stock opened at $102.41 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh has a 1 year low of $76.82 and a 1 year high of $118.39. The firm has a market cap of $6.59 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The stock has a 50-day simple moving average of $91.50 and a 200-day simple moving average of $97.95.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the business posted $2.89 EPS. Oshkosh’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities analysts predict that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh’s dividend payout ratio is presently 21.79%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OSK. Parallel Advisors LLC lifted its holdings in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after buying an additional 127 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the last quarter. CX Institutional bought a new stake in shares of Oshkosh in the 1st quarter worth approximately $28,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after purchasing an additional 110 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after purchasing an additional 186 shares during the last quarter. 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.