Oshkosh (NYSE:OSK) Price Target Raised to $140.00

Oshkosh (NYSE:OSK) had its price objective raised by Citigroup from $135.00 to $140.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the stock. Barclays upped their target price 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. Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. DA Davidson lowered their price objective on Oshkosh from $168.00 to $164.00 and set a “buy” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Oshkosh from $132.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.50.

Oshkosh Trading Up 0.4%

Shares of OSK opened at $143.35 on Monday. The company’s fifty day moving average is $139.07 and its 200 day moving average is $146.28. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The stock has a market capitalization of $8.74 billion, a PE ratio of 18.10, a P/E/G ratio of 1.27 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 1.72.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). Oshkosh had a net margin of 4.63% and a return on equity of 11.69%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company earned $3.20 EPS. Oshkosh’s revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts expect that Oshkosh will post 9.00 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.57 dividend. The ex-dividend date is Monday, November 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. Oshkosh’s payout ratio is presently 28.79%.

Insider Transactions at Oshkosh

In other Oshkosh 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 of the company’s stock, valued at $22,600,350. The trade was a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Balance Wealth Partners LLC acquired a new stake in Oshkosh during the 3rd quarter worth $26,000. Fiduciary Financial Advisors purchased a new stake in shares of Oshkosh during the second quarter worth $38,000. GK Wealth Management LLC acquired a new stake in shares of Oshkosh in the third quarter valued at about $47,000. Whittier Trust Co. raised its position in shares of Oshkosh by 33.7% in the first quarter. Whittier Trust Co. now owns 373 shares of the company’s stock valued at $55,000 after buying an additional 94 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Oshkosh by 38.2% in the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $69,000 after buying an additional 124 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

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.