Oshkosh (NYSE:OSK) Upgraded at Zacks Research

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

Other equities analysts have also issued reports about the stock. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. UBS Group raised their price target on shares of Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Friday. Bank of America raised shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective for the company in a report on Tuesday, February 3rd. Barclays began coverage on shares of Oshkosh in a research report on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and an average target price of $164.69.

Oshkosh Stock Performance

Shares of OSK stock opened at $154.61 on Thursday. Oshkosh has a 52-week low of $76.82 and a 52-week high of $180.49. 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 stock has a market cap of $9.67 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. The business has a 50-day simple moving average of $156.83 and a 200-day simple moving average of $140.13.

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

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio is 22.75%.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Institutional Trading of Oshkosh

Several institutional investors have recently modified their holdings of the stock. Sivia Capital Partners LLC raised its position in shares of Oshkosh by 2.8% during the 3rd quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after purchasing an additional 81 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Oshkosh by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after buying an additional 87 shares during the last quarter. IFP Advisors Inc increased its stake in Oshkosh by 11.7% during the 4th quarter. IFP Advisors Inc now owns 838 shares of the company’s stock worth $105,000 after buying an additional 88 shares in the last quarter. Groupama Asset Managment increased its stake in Oshkosh by 1.7% during the 4th quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock worth $680,000 after buying an additional 93 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Oshkosh by 4.1% during the fourth quarter. HB Wealth Management LLC now owns 2,502 shares of the company’s stock valued at $314,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds 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.