Oshkosh (NYSE:OSK) Price Target Raised to $147.00

Oshkosh (NYSE:OSK) had its target price upped by Morgan Stanley from $136.00 to $147.00 in a report released on Wednesday morning, MarketBeat.com reports. Morgan Stanley currently has an equal weight rating on the stock.

OSK has been the topic of several other research reports. KeyCorp lifted their target price on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. UBS Group boosted their price objective on shares of Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Truist Financial dropped their price objective on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Zacks Research downgraded shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.20.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $132.43 on Wednesday. The company’s fifty day moving average is $128.41 and its two-hundred day moving average is $126.81. The company has a market cap of $8.38 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.41. Oshkosh has a 12-month low of $76.82 and a 12-month high of $144.30. The company has a quick ratio of 0.99, a current ratio of 1.98 and a debt-to-equity ratio of 0.24.

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

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s payout ratio is currently 19.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its position in Oshkosh by 6.3% during the first quarter. US Bancorp DE now owns 3,202 shares of the company’s stock worth $301,000 after purchasing an additional 190 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in shares of Oshkosh by 8.6% during the 1st quarter. Atria Wealth Solutions Inc. now owns 3,720 shares of the company’s stock worth $350,000 after buying an additional 295 shares during the period. Vanguard Group Inc. grew its stake in Oshkosh by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock valued at $769,303,000 after buying an additional 35,382 shares during the last quarter. Deutsche Bank AG raised its holdings in Oshkosh by 19.8% in the 1st quarter. Deutsche Bank AG now owns 80,640 shares of the company’s stock worth $7,587,000 after acquiring an additional 13,302 shares during the period. Finally, Townsquare Capital LLC raised its holdings in Oshkosh by 10.1% in the 1st quarter. Townsquare Capital LLC now owns 9,522 shares of the company’s stock worth $896,000 after acquiring an additional 873 shares during the period. 92.36% of the stock is owned by institutional investors.

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.