Oshkosh (NYSE:OSK) Price Target Raised to $157.00 at Morgan Stanley

Oshkosh (NYSE:OSK) had its target price upped by Morgan Stanley from $144.00 to $157.00 in a research report released on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

OSK has been the subject of several other reports. Sanford C. Bernstein raised their price objective on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. UBS Group raised their price objective on Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research report on Thursday, January 22nd. Wells Fargo & Company raised their price target on Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Finally, Citigroup raised their price target on Oshkosh from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $166.13.

Oshkosh Stock Performance

NYSE OSK opened at $147.81 on Monday. Oshkosh has a 1-year low of $76.82 and a 1-year high of $180.49. The company has a market capitalization of $9.26 billion, a P/E ratio of 14.75, a PEG ratio of 0.76 and a beta of 1.39. The business has a 50 day moving average price of $157.84 and a 200 day moving average price of $141.38. 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 released its quarterly earnings data 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 firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the business earned $2.58 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is 22.75%.

Insider Activity

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction on 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 owned 13,577 shares in the company, valued at $2,295,463.39. This trade represents a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Oshkosh during the third quarter worth $26,000. Blue Trust Inc. boosted its holdings in shares of Oshkosh by 471.1% during the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after purchasing an additional 179 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Oshkosh by 3,014.3% during the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Oshkosh during the third quarter worth $29,000. Finally, Torren Management LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth $30,000. Institutional investors and hedge funds 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.