Oshkosh (NYSE:OSK) Cut to Strong Sell at Zacks Research

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

A number of other research analysts also recently issued reports on OSK. Morgan Stanley cut their price objective on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings raised shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a research report on Thursday, April 9th. Truist Financial increased their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

Oshkosh Price Performance

NYSE OSK opened at $154.97 on Thursday. The business’s fifty day moving average is $138.63 and its 200 day moving average is $148.00. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63. The company has a market capitalization of $9.66 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.23.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the company earned $1.92 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Sell-side analysts predict that Oshkosh will post 10.87 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s payout ratio is 25.39%.

Insider Buying and Selling at Oshkosh

In related news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the transaction, the director directly owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Oshkosh

Several hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans grew its holdings in Oshkosh by 1,945.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 425,600 shares of the company’s stock valued at $53,468,000 after buying an additional 404,788 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Oshkosh by 84.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,593 shares of the company’s stock worth $8,037,000 after acquiring an additional 25,037 shares in the last quarter. LSV Asset Management boosted its position in shares of Oshkosh by 0.9% during the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock valued at $240,427,000 after acquiring an additional 17,944 shares during the last quarter. Norges Bank bought a new position in shares of Oshkosh during the 4th quarter valued at approximately $127,907,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Oshkosh in the fourth quarter valued at $7,432,000. Hedge funds and other institutional investors 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.