Oshkosh (NYSE:OSK) Price Target Raised to $155.00 at Morgan Stanley

Oshkosh (NYSE:OSK) had its target price increased by Morgan Stanley from $147.00 to $155.00 in a report published on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research analysts have also weighed in on the company. KeyCorp reissued an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Zacks Research cut Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Argus reduced their price target on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Truist Financial lowered their price objective on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and an average price target of $153.31.

Oshkosh Stock Performance

Shares of OSK opened at $153.99 on Friday. The company has a 50-day moving average of $134.30 and a two-hundred day moving average of $132.85. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 2.13 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. Oshkosh has a one year low of $76.82 and a one year high of $158.53.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.12 by $0.08. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm earned $2.93 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, equities research analysts expect that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. Oshkosh’s payout ratio is currently 19.90%.

Institutional Investors Weigh In On Oshkosh

Several institutional investors and hedge funds have recently modified their holdings of the business. Third View Private Wealth LLC acquired a new stake in shares of Oshkosh in the fourth quarter worth about $273,000. Burney Co. raised its stake in shares of Oshkosh by 7.3% in the 4th quarter. Burney Co. now owns 25,983 shares of the company’s stock valued at $3,264,000 after acquiring an additional 1,776 shares in the last quarter. Gibbs Wealth Management acquired a new stake in Oshkosh in the 4th quarter worth approximately $187,000. Bowman & Co S.C. boosted its position in Oshkosh by 10.0% during the fourth quarter. Bowman & Co S.C. now owns 3,862 shares of the company’s stock worth $485,000 after purchasing an additional 351 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in Oshkosh during the fourth quarter valued at approximately $44,000. 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.