Oshkosh (NYSE:OSK) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Oshkosh (NYSE:OSK) from a buy rating to a hold rating in a research note released on Sunday morning.

Several other research firms have also recently weighed in on OSK. Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Morgan Stanley decreased their target price on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. Robert W. Baird raised their price target on Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Truist Financial lifted their price target on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Barclays boosted their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.33.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $155.44 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $143.25 and a 200-day moving average price of $148.13. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25. Oshkosh has a 12 month low of $116.77 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last posted its earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.24. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the firm earned $3.41 earnings per share. Oshkosh’s quarterly revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities analysts anticipate that Oshkosh will post 10.72 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.57 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is 26.09%.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the transaction, the director owned 39,684 shares in the company, valued at $5,312,100.24. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Oshkosh

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower View Wealth Management LLC purchased a new position in Oshkosh during the first quarter valued at $29,000. Torren Management LLC purchased a new stake in shares of Oshkosh in the 4th quarter worth about $30,000. V Square Quantitative Management LLC bought a new position in shares of Oshkosh in the 4th quarter worth about $44,000. Basepoint Wealth LLC bought a new position in shares of Oshkosh in the 4th quarter worth about $51,000. Finally, Global Retirement Partners LLC lifted its position in Oshkosh by 284.9% during the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock valued at $51,000 after acquiring an additional 302 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.