Oshkosh Co. (NYSE:OSK) Receives Consensus Rating of “Moderate Buy” from Analysts

Oshkosh Co. (NYSE:OSK) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $125.25.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group lowered their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Citigroup dropped their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Truist Financial upped their price target on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday. Finally, KeyCorp lifted their price objective on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday.

Oshkosh Trading Up 2.7 %

Shares of Oshkosh stock opened at $116.30 on Monday. The company has a fifty day simple moving average of $99.78 and a 200-day simple moving average of $102.95. Oshkosh has a 12-month low of $89.08 and a 12-month high of $127.98. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.72 and a beta of 1.21.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping 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, equities analysts forecast that Oshkosh will post 11.34 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a $0.51 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.75%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is presently 19.71%.

Hedge Funds Weigh In On Oshkosh

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