Morgan Stanley Has Lowered Expectations for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price objective cut by Morgan Stanley from $147.00 to $139.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley‘s target price would indicate a potential downside of 3.93% from the company’s current price.

OSK has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $132.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial restated a “buy” rating and set a $161.00 target price (down from $174.00) on shares of Oshkosh in a research report on Friday. Barclays lifted their price target on Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, 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 report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.50.

Oshkosh Price Performance

OSK stock traded down $0.85 during trading on Tuesday, reaching $144.68. The company’s stock had a trading volume of 125,642 shares, compared to its average volume of 745,410. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $139.58 and its 200-day moving average is $146.37. The company has a market capitalization of $8.93 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.05 and a beta of 1.26. Oshkosh has a 1 year low of $116.77 and a 1 year high of $180.49.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, October 29th. The company reported $2.41 EPS for the quarter, missing the consensus estimate of $3.06 by ($0.65). Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm earned $3.20 earnings per share. Oshkosh’s revenue was up 5.6% on a year-over-year basis. On average, research analysts expect that Oshkosh will post 8.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Pfeifer sold 778 shares of Oshkosh stock in a transaction on Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the completion of the sale, the director directly owned 150,669 shares in the company, valued at approximately $22,600,350. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OSK. Balance Wealth Partners LLC purchased a new position in Oshkosh in the 3rd quarter worth about $26,000. Fiduciary Financial Advisors bought a new position in Oshkosh in the second quarter worth approximately $38,000. GK Wealth Management LLC purchased a new position in Oshkosh during the 3rd quarter worth $47,000. Whittier Trust Co. increased its holdings in Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after purchasing an additional 94 shares during the period. Finally, Versant Capital Management Inc raised its position in Oshkosh by 38.2% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $69,000 after purchasing an additional 124 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.