JPMorgan Chase & Co. Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its target price lifted by JPMorgan Chase & Co. from $132.00 to $145.00 in a report released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Citigroup increased their price objective on shares of Oshkosh from $150.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Truist Financial reduced their price target on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Argus decreased their price target on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, UBS Group cut their price objective on Oshkosh from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.31.

Oshkosh Trading Up 0.1%

Shares of OSK stock opened at $150.90 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.98. The stock has a fifty day simple moving average of $130.21 and a two-hundred day simple moving average of $131.37. The firm has a market capitalization of $9.55 billion, a PE ratio of 14.72, a PEG ratio of 1.67 and a beta of 1.41. Oshkosh has a 52-week low of $76.82 and a 52-week high of $152.10.

Oshkosh (NYSE:OSK) last announced 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 business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the business earned $2.93 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, analysts predict that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Oshkosh’s dividend payout ratio (DPR) is presently 19.90%.

Institutional Investors Weigh In On Oshkosh

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in shares of Oshkosh by 22.8% in the 2nd 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. LSV Asset Management lifted its position in Oshkosh by 1.7% in the third quarter. LSV Asset Management now owns 1,895,825 shares of the company’s stock worth $245,889,000 after buying an additional 31,401 shares during the last quarter. AQR Capital Management LLC boosted its stake in Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after buying an additional 345,782 shares during the period. Invesco Ltd. increased its position in Oshkosh by 26.3% during the third quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock valued at $191,563,000 after acquiring an additional 307,949 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Oshkosh by 2.4% in the second quarter. Bank of America Corp DE now owns 1,090,142 shares of the company’s stock valued at $123,775,000 after acquiring an additional 25,125 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.