Analysts Set Oshkosh Co. (NYSE:OSK) Target Price at $123.14

Oshkosh Co. (NYSE:OSK) has received an average recommendation of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $122.86.

OSK has been the subject of several recent analyst reports. Robert W. Baird reduced their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. UBS Group reduced their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial reduced their price objective on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Evercore ISI reduced their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. boosted their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OSK. Greenhaven Associates Inc. lifted its stake in shares of Oshkosh by 0.8% in the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after acquiring an additional 19,442 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Oshkosh by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after buying an additional 78,235 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Oshkosh by 19.6% during the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after purchasing an additional 235,496 shares during the last quarter. FMR LLC grew its holdings in shares of Oshkosh by 3.3% during the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after purchasing an additional 39,235 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Oshkosh by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock valued at $109,250,000 after purchasing an additional 10,357 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Down 1.4 %

Shares of OSK stock opened at $101.41 on Friday. The business’s 50 day moving average is $107.38 and its two-hundred day moving average is $106.06. Oshkosh has a twelve month low of $93.34 and a twelve month high of $127.98. The company has a market capitalization of $6.60 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Equities analysts forecast that Oshkosh will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio is presently 17.86%.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.