Oshkosh (NYSE:OSK) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Oshkosh (NYSE:OSK) from a buy rating to a hold rating in a research report report published on Saturday.

Several other brokerages have also recently issued reports on OSK. Morgan Stanley lifted their price objective on Oshkosh from $136.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. UBS Group decreased their price objective on shares of Oshkosh from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Zacks Research cut Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Finally, Argus dropped their price objective on Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.44.

Oshkosh Stock Performance

Shares of OSK stock opened at $149.51 on Friday. The firm has a 50 day moving average of $129.10 and a two-hundred day moving average of $130.97. The stock has a market capitalization of $9.46 billion, a PE ratio of 14.59, a P/E/G ratio of 1.66 and a beta of 1.41. 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 has a 52 week low of $76.82 and a 52 week high of $150.66.

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

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.51 per share. 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 1.4%. Oshkosh’s dividend payout ratio (DPR) is currently 19.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new stake in shares of Oshkosh in the third quarter valued at approximately $26,000. Blue Trust Inc. grew its stake in shares of Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after buying an additional 179 shares during the period. SJS Investment Consulting Inc. increased its holdings in shares of Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after buying an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Oshkosh in the 3rd quarter worth $29,000. Finally, Root Financial Partners LLC purchased a new position in shares of Oshkosh in the third quarter valued at $35,000. Institutional investors and hedge funds 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.