Oshkosh (NYSE:OSK) Upgraded by Wall Street Zen to Buy Rating

Oshkosh (NYSE:OSK) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other brokerages also recently issued reports on OSK. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the company a “buy” rating in a report on Tuesday, August 5th. Truist Financial raised shares of Oshkosh from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $92.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, June 6th. The Goldman Sachs Group raised shares of Oshkosh from a “neutral” rating to a “buy” rating and boosted their price target for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. Finally, UBS Group set a $164.00 price objective on shares of Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average target price of $133.08.

Oshkosh Stock Up 3.5%

OSK stock opened at $141.9340 on Friday. Oshkosh has a one year low of $76.82 and a one year high of $142.93. The stock has a market capitalization of $9.08 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.71 and a beta of 1.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The company has a fifty day moving average of $125.98 and a 200-day moving average of $107.04.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.43. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, analysts expect that Oshkosh will post 10.96 EPS for the current year.

Insider Buying and Selling

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the sale, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by corporate insiders.

Institutional Trading of Oshkosh

Several large investors have recently modified their holdings of OSK. Parallel Advisors LLC raised its stake in shares of Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after buying an additional 127 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 114 shares in the last quarter. CX Institutional acquired a new position in shares of Oshkosh in the 1st quarter valued at $28,000. Golden State Wealth Management LLC raised its stake 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 valued at $30,000 after buying an additional 186 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after buying an additional 110 shares in the last quarter. 92.36% of the stock is 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.