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 report issued on Saturday,Wall Street Zen reports.

OSK has been the topic of a number of other reports. Barclays raised their price target on shares of Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Truist Financial lowered their price objective on Oshkosh from $196.00 to $174.00 and set a “buy” rating on the stock in a report on Monday, October 5th. JPMorgan Chase & Co. cut their price objective on Oshkosh from $150.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Robert W. Baird increased their target price on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, DA Davidson raised their target price on Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.79.

Oshkosh Stock Performance

NYSE:OSK opened at $133.22 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The company has a fifty day moving average of $140.98 and a two-hundred day moving average of $146.61. The stock has a market capitalization of $8.23 billion, a PE ratio of 15.24, a P/E/G ratio of 1.00 and a beta of 1.26. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the firm posted $3.41 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. As a group, research analysts forecast that Oshkosh will post 10.54 earnings per share for the current fiscal year.

Insider Transactions at Oshkosh

In other Oshkosh news, Director John Pfeifer sold 778 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $150.00, for a total value of $116,700.00. Following the completion of the sale, the director owned 150,669 shares in the company, valued at approximately $22,600,350. This represents a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fiduciary Financial Advisors acquired a new position in Oshkosh during the second quarter worth $38,000. GK Wealth Management LLC acquired a new stake in shares of Oshkosh in the 3rd quarter worth $47,000. Whittier Trust Co. raised its holdings in shares of Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after acquiring an additional 94 shares during the period. Versant Capital Management Inc raised its holdings in shares of Oshkosh by 38.2% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $69,000 after acquiring an additional 124 shares during the period. Finally, NBH Bank acquired a new position in shares of Oshkosh during the 2nd quarter valued at about $70,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

About Oshkosh

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.