Oshkosh (NYSE:OSK) Given New $170.00 Price Target at Citigroup

Oshkosh (NYSE:OSK) had its target price lowered by Citigroup from $175.00 to $170.00 in a research note issued to investors on Monday,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Barclays assumed coverage on Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Friday. Zacks Research cut shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Truist Financial set a $183.00 price objective on shares of Oshkosh in a research report on Friday. Finally, Morgan Stanley boosted 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, January 23rd. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.27.

Oshkosh Trading Up 4.0%

OSK stock opened at $149.55 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. Oshkosh has a 1-year low of $76.82 and a 1-year high of $158.53. The business has a 50 day simple moving average of $137.43 and a two-hundred day simple moving average of $133.95. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 2.07 and a beta of 1.43.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.Oshkosh’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $2.58 EPS. Research analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a $0.57 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s dividend payout ratio is currently 20.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Oshkosh during the 2nd quarter valued at $98,570,000. Alliancebernstein L.P. grew its holdings in shares of Oshkosh by 908.0% in the third quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after purchasing an additional 822,874 shares during the last quarter. American Century Companies Inc. increased its stake in Oshkosh by 22.8% in the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after buying an additional 529,907 shares during the period. Pzena Investment Management LLC bought a new stake in Oshkosh during the 2nd quarter valued at about $59,709,000. Finally, Capital Research Global Investors purchased a new stake in Oshkosh in the 3rd quarter valued at about $63,441,000. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

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.