Oshkosh (NYSE:OSK) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Oshkosh (NYSE:OSK) from a hold rating to a strong sell rating in a research report released on Thursday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Sanford C. Bernstein upped their price objective on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Truist Financial dropped their target price 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. Wells Fargo & Company lifted their target price on shares of Oshkosh from $144.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley raised their target price on shares of Oshkosh from $147.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.31.

Oshkosh Stock Down 1.7%

Shares of OSK opened at $153.99 on Thursday. The company has a market capitalization of $9.74 billion, a PE ratio of 15.02, a PEG ratio of 2.10 and a beta of 1.41. The stock’s 50-day moving average price is $134.30 and its two-hundred day moving average price is $132.90. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. Oshkosh has a 12 month low of $76.82 and a 12 month high of $158.53.

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

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a dividend of $0.51 per share. 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 1.3%. Oshkosh’s payout ratio is currently 19.90%.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently bought and sold shares of OSK. Norges Bank bought a new position in Oshkosh in the second quarter worth about $98,570,000. Alliancebernstein L.P. raised its position in Oshkosh by 908.0% during the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after buying an additional 822,874 shares during the last quarter. American Century Companies Inc. lifted its position in Oshkosh by 22.8% during 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 period. Pzena Investment Management LLC acquired a new stake in Oshkosh during the second quarter worth about $59,709,000. Finally, Capital Research Global Investors acquired a new position in shares of Oshkosh in the 3rd quarter valued at $63,441,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.