Oshkosh (NYSE:OSK) Price Target Raised to $180.00 at Citigroup

Oshkosh (NYSE:OSK) had its price objective hoisted by Citigroup from $170.00 to $180.00 in a research note released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms have also issued reports on OSK. Raymond James Financial reissued an “outperform” rating and set a $175.00 price target on shares of Oshkosh in a research report on Monday, March 2nd. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Morgan Stanley cut their price target on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Truist Financial set a $183.00 price objective on Oshkosh in a report on Friday, January 30th. Finally, UBS Group raised their target price on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $165.31.

Oshkosh Price Performance

Shares of OSK opened at $154.33 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. The company’s fifty day moving average price is $157.35 and its 200-day moving average price is $140.27. Oshkosh has a 1-year low of $76.82 and a 1-year high of $180.49. The firm has a market capitalization of $9.65 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The firm had revenue of $2.69 billion for 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%.The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 EPS. On average, equities research analysts predict that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

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

Insider Activity

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares in the company, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oshkosh

A number of large investors have recently bought and sold shares of the business. Keybank National Association OH acquired a new position in shares of Oshkosh during the 3rd quarter worth approximately $422,000. Mutual Advisors LLC acquired a new stake in Oshkosh in the 3rd quarter valued at $849,000. Peterson Wealth Services increased its holdings in Oshkosh by 3,459.5% in the 3rd quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock worth $7,387,000 after acquiring an additional 55,352 shares in the last quarter. Convergence Investment Partners LLC purchased a new stake in Oshkosh in the 3rd quarter worth $1,162,000. Finally, Asset Management One Co. Ltd. acquired a new position in Oshkosh during the third quarter worth $1,399,000. 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.