Oshkosh Co. (NYSE:OSK) Receives $125.07 Consensus PT from Analysts

Oshkosh Co. (NYSE:OSK) has been assigned an average rating of “Hold” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $125.79.

Several research firms have weighed in on OSK. Jefferies Financial Group cut their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Robert W. Baird increased their price target on shares of Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. reduced their price objective on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Raymond James initiated coverage on shares of Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Evercore ISI reduced their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Oshkosh Trading Down 4.5 %

OSK opened at $103.03 on Friday. The firm has a 50 day simple moving average of $105.93 and a 200 day simple moving average of $112.12. Oshkosh has a fifty-two week low of $86.10 and a fifty-two week high of $127.98. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.03 and a beta of 1.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, beating the consensus estimate of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the company posted $2.69 EPS. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Oshkosh will post 11.66 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.79%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OSK. Vanguard Group Inc. lifted its stake in Oshkosh by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after acquiring an additional 718,122 shares in the last quarter. Greenhaven Associates Inc. grew its stake in shares of Oshkosh by 1.5% during the 2nd quarter. Greenhaven Associates Inc. now owns 2,517,042 shares of the company’s stock worth $272,344,000 after acquiring an additional 36,953 shares in the last quarter. LSV Asset Management raised its holdings in shares of Oshkosh by 5.5% in the first quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after purchasing an additional 102,330 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after purchasing an additional 78,235 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Oshkosh by 19.6% during the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after purchasing an additional 235,496 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Company Profile

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.