Oshkosh (NYSE:OSK) Receives Neutral Rating from Citigroup

Citigroup reiterated their neutral rating on shares of Oshkosh (NYSE:OSK) in a research note published on Monday morning, MarketBeat Ratings reports. Citigroup currently has a $170.00 target price on the stock, down from their prior target price of $180.00.

Several other analysts have also recently issued reports on the company. UBS Group raised their target price on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Robert W. Baird set a $182.00 target price on Oshkosh in a research note on Friday, January 30th. Wells Fargo & Company raised their target price on Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Truist Financial set a $183.00 target price on Oshkosh in a research note on Friday, January 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.56.

Oshkosh Stock Down 0.1%

NYSE OSK opened at $151.69 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 stock has a market capitalization of $9.50 billion, a PE ratio of 15.14, a PEG ratio of 0.78 and a beta of 1.39. Oshkosh has a 1 year low of $80.29 and a 1 year high of $180.49. The business’s 50-day moving average is $158.39 and its 200 day moving average is $142.16.

Oshkosh (NYSE:OSK) last posted its earnings results 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 the consensus estimate of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 earnings per share. Sell-side analysts forecast that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

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

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.64% of the stock is owned by company insiders.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sivia Capital Partners LLC lifted its holdings in Oshkosh by 2.8% in the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after buying an additional 81 shares during the period. IFP Advisors Inc lifted its holdings in shares of Oshkosh by 11.7% during the fourth quarter. IFP Advisors Inc now owns 838 shares of the company’s stock valued at $105,000 after purchasing an additional 88 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Oshkosh by 1.7% during the fourth quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock valued at $680,000 after purchasing an additional 93 shares during the last quarter. HB Wealth Management LLC lifted 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 purchasing an additional 98 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Oshkosh by 6.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock valued at $200,000 after purchasing an additional 100 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

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.