Truist Financial Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target upped by Truist Financial from $109.00 to $118.00 in a research report released on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on the stock. Citigroup dropped their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. KeyCorp raised their price target on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday. Finally, UBS Group lowered their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.25.

Oshkosh Stock Performance

NYSE:OSK opened at $116.30 on Friday. The firm has a 50-day moving average of $99.78 and a two-hundred day moving average of $103.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock has a market cap of $7.57 billion, a P/E ratio of 11.29, a PEG ratio of 1.72 and a beta of 1.21. Oshkosh has a 1-year low of $89.08 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, research analysts expect that Oshkosh will post 11.34 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.75%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s payout ratio is currently 17.86%.

Hedge Funds Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in Oshkosh in the fourth quarter worth about $23,285,000. Assenagon Asset Management S.A. raised its holdings in Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after buying an additional 233,218 shares during the period. BNP Paribas Financial Markets lifted its position in Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after acquiring an additional 97,282 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Oshkosh by 704.3% during the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock worth $6,817,000 after buying an additional 59,566 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in Oshkosh during the third quarter worth $5,375,000. Institutional investors own 92.36% of the company’s stock.

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.