Oshkosh Corporation (NYSE:OSK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Oshkosh Corporation (NYSE:OSK) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $126.85.

OSK has been the topic of a number of recent research reports. KeyCorp dropped their price target on Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group raised Oshkosh from a “neutral” rating to a “buy” rating and upped their price target for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. DA Davidson reduced their target price on Oshkosh from $120.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Evercore ISI boosted their price objective on Oshkosh from $137.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Finally, Truist Financial upgraded Oshkosh from a “hold” rating to a “buy” rating and increased their price target for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd.

Institutional Trading of Oshkosh

Several large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in shares of Oshkosh by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company’s stock valued at $14,085,000 after buying an additional 553 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in Oshkosh in the first quarter valued at approximately $263,000. DAVENPORT & Co LLC grew its position in Oshkosh by 5.6% in the first quarter. DAVENPORT & Co LLC now owns 6,040 shares of the company’s stock worth $568,000 after acquiring an additional 319 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Oshkosh by 17.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company’s stock worth $713,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Oshkosh by 20.1% in the first quarter. Teacher Retirement System of Texas now owns 25,137 shares of the company’s stock valued at $2,365,000 after purchasing an additional 4,203 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Trading Down 0.8%

Shares of OSK opened at $123.42 on Monday. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The company has a market cap of $7.94 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.80 and a beta of 1.43. Oshkosh has a twelve month low of $76.82 and a twelve month high of $129.02. The company’s fifty day simple moving average is $110.62 and its 200-day simple moving average is $100.88.

Oshkosh (NYSE:OSK) last issued 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). The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.89 earnings per share. As a group, analysts expect that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.65%. Oshkosh’s payout ratio is 21.79%.

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.