Oshkosh (NYSE:OSK) Upgraded at Zacks Research

Zacks Research upgraded shares of Oshkosh (NYSE:OSK) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the company. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. UBS Group set a $164.00 price target on Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. KeyCorp boosted their price target on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Finally, The Goldman Sachs Group raised Oshkosh from a “neutral” rating to a “buy” rating and upped their target price for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.08.

Oshkosh Stock Performance

Oshkosh stock opened at $139.19 on Thursday. The firm has a market capitalization of $8.91 billion, a P/E ratio of 13.98, a PEG ratio of 1.73 and a beta of 1.43. The stock has a fifty day moving average price of $129.21 and a 200 day moving average price of $108.12. Oshkosh has a 52 week low of $76.82 and a 52 week 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.

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

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. Oshkosh’s payout ratio is 20.48%.

Insider Activity

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 13,716 shares in the company, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the company’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 sale, the chief marketing officer owned 10,459 shares in the company, valued at $1,468,129.83. The trade was a 14.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently bought and sold shares of OSK. Price T Rowe Associates Inc. MD raised its position in shares of Oshkosh by 9.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,625 shares of the company’s stock worth $3,578,000 after purchasing an additional 3,304 shares during the period. Northern Trust Corp raised its position in shares of Oshkosh by 22.2% during the 4th quarter. Northern Trust Corp now owns 655,564 shares of the company’s stock worth $62,324,000 after purchasing an additional 119,259 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $3,894,000. Freestone Grove Partners LP acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $8,620,000. Finally, Atlantic Investment Management Inc. acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $21,866,000. Institutional investors and hedge funds 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.