Oshkosh Corporation (NYSE:OSK) Given Average Rating of “Moderate Buy” by Brokerages

Oshkosh Corporation (NYSE:OSK) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $123.14.

A number of research analysts have commented on the company. The Goldman Sachs Group upgraded Oshkosh from a “neutral” rating to a “buy” rating and boosted their target price for the company from $124.00 to $131.00 in a research note on Tuesday. Evercore ISI increased their price objective on Oshkosh from $137.00 to $147.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Morgan Stanley reduced their target price on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group reissued a “hold” rating on shares of Oshkosh in a research report on Friday, June 6th. Finally, Truist Financial upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and raised their price target for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd.

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently modified their holdings of OSK. First Financial Bank Trust Division acquired a new position in Oshkosh during the 2nd quarter valued at $232,000. Voya Investment Management LLC increased its holdings in shares of Oshkosh by 4.6% during the 1st quarter. Voya Investment Management LLC now owns 9,926 shares of the company’s stock worth $934,000 after purchasing an additional 440 shares during the period. Strs Ohio bought a new position in shares of Oshkosh during the 1st quarter worth about $1,447,000. Focus Partners Wealth acquired a new position in shares of Oshkosh during the first quarter valued at about $567,000. Finally, Integrity Alliance LLC. bought a new stake in shares of Oshkosh in the first quarter valued at about $226,000. 92.36% of the stock is owned by institutional investors.

Oshkosh Price Performance

NYSE OSK opened at $122.59 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43. The company has a 50 day simple moving average of $102.01 and a 200-day simple moving average of $98.36. Oshkosh has a 52-week low of $76.82 and a 52-week high of $122.59.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the company earned $2.89 EPS. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. Equities research analysts predict that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, May 16th. Oshkosh’s dividend payout ratio is currently 21.79%.

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.