Oshkosh (NYSE:OSK) Price Target Cut to $150.00 by Analysts at Citigroup

Oshkosh (NYSE:OSK) had its price objective reduced by Citigroup from $160.00 to $150.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also commented on OSK. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. Robert W. Baird boosted their price target on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. UBS Group set a $164.00 price target on shares of Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.17.

Oshkosh Stock Down 1.3%

Oshkosh stock opened at $123.15 on Thursday. The firm has a 50 day simple moving average of $134.66 and a 200 day simple moving average of $119.48. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.57 and a beta of 1.47. The company has a current ratio of 1.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. Oshkosh has a 1-year low of $76.82 and a 1-year high of $144.30.

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

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.7%. Oshkosh’s payout ratio is currently 20.48%.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the sale, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares of the company’s stock, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its stake in shares of Oshkosh by 2.3% during the third quarter. Teacher Retirement System of Texas now owns 26,427 shares of the company’s stock valued at $3,428,000 after acquiring an additional 598 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Oshkosh during the third quarter valued at about $236,000. Olympiad Research LP bought a new position in shares of Oshkosh during the third quarter valued at about $268,000. First Business Financial Services Inc. raised its stake in shares of Oshkosh by 0.9% during the third quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock valued at $1,536,000 after acquiring an additional 103 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Oshkosh by 13.8% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 72,675 shares of the company’s stock valued at $9,426,000 after acquiring an additional 8,789 shares during the last quarter. 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.