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

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

Several other analysts have also weighed in on OSK. Zacks Research lowered shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Citigroup cut their price target on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Robert W. Baird lifted their price objective on Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Finally, UBS Group raised their target price on Oshkosh from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.25.

Oshkosh Stock Performance

OSK opened at $121.29 on Friday. The stock’s 50 day simple moving average is $132.35 and its 200-day simple moving average is $121.34. The company has a current ratio of 1.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The stock has a market cap of $7.67 billion, a PE ratio of 11.83, a P/E/G ratio of 1.57 and a beta of 1.45. Oshkosh has a 1 year low of $76.82 and a 1 year high of $144.30.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.12 by $0.08. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.Oshkosh’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $2.93 earnings per share. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Sell-side analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Insider Buying and Selling

In related 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the transaction, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their position. The SEC filing for this sale provides additional information. 0.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oshkosh

Institutional investors and hedge funds have recently made changes to their positions in the company. Kodai Capital Management LP bought a new stake in Oshkosh in the 1st quarter valued at $7,077,000. Ieq Capital LLC acquired a new stake in shares of Oshkosh in the 1st quarter valued at about $7,682,000. Principal Financial Group Inc. lifted its holdings in shares of Oshkosh by 0.4% in the first quarter. Principal Financial Group Inc. now owns 149,716 shares of the company’s stock valued at $14,085,000 after purchasing an additional 553 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new position in shares of Oshkosh during the second quarter worth about $237,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in Oshkosh in the 1st quarter valued at approximately $7,611,000. 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.