Oshkosh (NYSE:OSK) Downgraded by Wall Street Zen to “Hold”

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

Other equities research analysts also recently issued research reports about the company. Truist Financial cut their price target on Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. KeyCorp raised their target price on shares of Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Citigroup reduced their price objective on Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Finally, Zacks Research lowered shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.50.

Oshkosh Price Performance

Shares of NYSE OSK opened at $129.43 on Friday. The business’s 50 day moving average price is $128.31 and its 200 day moving average price is $125.71. The firm has a market cap of $8.19 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.66 and a beta of 1.41. The company has a quick ratio of 0.99, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. Oshkosh has a 52 week low of $76.82 and a 52 week high of $144.30.

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

Hedge Funds Weigh In On Oshkosh

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in shares of Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after buying an additional 992,313 shares during the last quarter. Norges Bank bought a new position in Oshkosh in the 2nd quarter worth $98,570,000. Alliancebernstein L.P. raised its holdings in Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after acquiring an additional 822,874 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in Oshkosh during the 1st quarter worth $54,860,000. Finally, American Century Companies Inc. grew its position in shares of 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 during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.