Oshkosh Corporation (NYSE:OSK) Given Average Recommendation of “Moderate Buy” by Analysts

Oshkosh Corporation (NYSE:OSK) has been assigned an average rating of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $159.60.

Several analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Barclays began coverage on Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price target for the company. Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Citigroup reduced their target price on Oshkosh from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday.

Oshkosh Stock Performance

Oshkosh stock opened at $163.32 on Friday. The business has a 50 day moving average of $139.60 and a 200-day moving average of $134.63. The company has a market capitalization of $10.33 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.85 and a beta of 1.43. Oshkosh has a 1 year low of $76.82 and a 1 year high of $169.62. 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 (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently disclosed 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. This represents a $2.28 annualized dividend and a dividend yield of 1.4%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. Oshkosh’s dividend payout ratio is currently 20.36%.

Institutional Trading of Oshkosh

A number of institutional investors have recently bought and sold shares of OSK. Norges Bank bought a new position in shares of Oshkosh in the 2nd quarter worth about $98,570,000. Alliancebernstein L.P. grew its stake in Oshkosh by 908.0% during 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 period. American Century Companies Inc. increased its holdings in Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after purchasing an additional 529,907 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Oshkosh in the second quarter valued at approximately $59,709,000. Finally, Capital Research Global Investors bought a new position in shares of Oshkosh during the 3rd quarter worth approximately $63,441,000. 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.