Oshkosh (NYSE:OSK) Lowered to Hold Rating by Wall Street Zen

Oshkosh (NYSE:OSK) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

OSK has been the subject of several other research reports. Citigroup reaffirmed a “buy” rating and set a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. The Goldman Sachs Group raised Oshkosh from a “neutral” rating to a “buy” rating and raised their price target for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. KeyCorp raised their price target on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group set a $164.00 price target on Oshkosh and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Robert W. Baird raised their price target on Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.08.

Oshkosh Price Performance

NYSE:OSK opened at $139.19 on Friday. Oshkosh has a 1-year low of $76.82 and a 1-year high of $144.30. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $129.21 and a 200 day simple moving average of $108.12. The stock has a market capitalization of $8.91 billion, a PE ratio of 13.98, a P/E/G ratio of 1.78 and a beta of 1.43.

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

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at $1,468,129.83. This represents a 14.21% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oshkosh

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Oshkosh by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock valued at $769,303,000 after purchasing an additional 35,382 shares in the last quarter. American Century Companies Inc. raised its stake in Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after purchasing an additional 529,907 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock valued at $251,417,000 after purchasing an additional 354,714 shares in the last quarter. LSV Asset Management raised its stake in Oshkosh by 8.0% in the second quarter. LSV Asset Management now owns 1,864,424 shares of the company’s stock valued at $211,687,000 after purchasing an additional 137,818 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after purchasing an additional 345,782 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.