KeyCorp Cuts Oshkosh (NYSE:OSK) Price Target to $120.00

Oshkosh (NYSE:OSK) had its price objective trimmed by KeyCorp from $132.00 to $120.00 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also commented on OSK. Citigroup cut their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley increased their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Evercore ISI increased their target price on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Raymond James boosted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.38.

Oshkosh Stock Performance

OSK opened at $79.25 on Tuesday. Oshkosh has a 52-week low of $76.82 and a 52-week high of $127.94. The business’s fifty day moving average is $100.24 and its 200-day moving average is $101.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market cap of $5.12 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. 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 Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is currently 19.71%.

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently added to or reduced their stakes in OSK. JPMorgan Chase & Co. increased its holdings in shares of Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after buying an additional 28,478 shares during the period. Barclays PLC increased its stake in Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after purchasing an additional 32,435 shares during the period. Virtu Financial LLC bought a new stake in Oshkosh in the third quarter valued at approximately $504,000. Semanteon Capital Management LP boosted its stake in shares of Oshkosh by 29.1% during the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock valued at $1,409,000 after purchasing an additional 3,342 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Oshkosh by 57.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after purchasing an additional 7,334 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

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.