Oshkosh (NYSE:OSK) Hits New 52-Week High After Analyst Upgrade

Oshkosh Corporation (NYSE:OSK) hit a new 52-week high during mid-day trading on Tuesday after Bank of America upgraded the stock from an underperform rating to a neutral rating. Bank of America now has a $149.00 price target on the stock. Oshkosh traded as high as $159.00 and last traded at $159.1920, with a volume of 864499 shares. The stock had previously closed at $149.48.

A number of other research firms have also recently weighed in on OSK. Sanford C. Bernstein increased 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. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird set a $182.00 price objective on shares of Oshkosh in a research report on Friday. DA Davidson raised their target price on Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Monday. Finally, KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.60.

Key Headlines Impacting Oshkosh

Here are the key news stories impacting Oshkosh this week:

• Positive Sentiment: Seeking Alpha ran an upgrade piece arguing Oshkosh looks undervalued despite uncertainties — a narrative that can attract value-oriented buyers. Article Title
• Positive Sentiment: Oshkosh announced an upcoming dividend that will be larger than last year’s, which supports yield-seeking investors and can prop up the share price. Article Title
• Positive Sentiment: Citigroup cut its price target from $175 to $170 but kept a “buy” rating, implying ~6.8% upside versus the current level — the maintained buy stance can be taken as constructive. Article Title
• Neutral Sentiment: Bank of America upgraded OSK from “underperform” to “neutral” but set a $149 target (below current market), a mixed signal: improved sentiment on relative performance but limited upside in the target. Article Title
• Neutral Sentiment: Zacks highlights mixed Q4 takeaways — EPS slipped versus year-ago but revenue rose, with strong Vocational and Transport offsetting Access weakness; this explains investor uncertainty. Article Title
• Neutral Sentiment: AmericanBankingNews noted a price-target raise to $155 (still slightly below current levels), reflecting mixed analyst adjustments across the street. Article Title
• Negative Sentiment: Morgan Stanley cut its target from $155 to $144 and moved to “equal weight,” signaling reduced conviction and about a 9.5% downside to the present quote — a clear headwind for the stock. Article Title

Hedge Funds Weigh In On Oshkosh

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after acquiring an additional 529,907 shares in the last quarter. LSV Asset Management grew its position in shares of Oshkosh by 1.7% in the third quarter. LSV Asset Management now owns 1,895,825 shares of the company’s stock valued at $245,889,000 after purchasing an additional 31,401 shares during the period. AQR Capital Management LLC grew its holdings in Oshkosh by 25.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after buying an additional 345,782 shares during the period. Invesco Ltd. grew its holdings in Oshkosh by 26.3% in the third quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock valued at $191,563,000 after purchasing an additional 307,949 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Oshkosh by 2.4% during the 2nd quarter. Bank of America Corp DE now owns 1,090,142 shares of the company’s stock valued at $123,775,000 after buying an additional 25,125 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

The company has a 50 day simple moving average of $138.06 and a 200 day simple moving average of $134.20. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 2.15 and a beta of 1.43.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.Oshkosh’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.58 EPS. As a group, research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.4%. Oshkosh’s dividend payout ratio is presently 20.36%.

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.