Oshkosh (NYSE:OSK) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Oshkosh (NYSE:OSK) from a buy rating to a hold rating in a research note released on Saturday.

Several other equities analysts also recently issued reports on the stock. Barclays initiated coverage on shares of Oshkosh in a report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price objective on the stock. Sanford C. Bernstein upped their price target on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Morgan Stanley lifted their price objective on Oshkosh from $136.00 to $147.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 10th. Argus cut their price objective on Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, Zacks Research cut Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.44.

Oshkosh Stock Performance

Shares of OSK stock opened at $150.39 on Friday. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. Oshkosh has a 12-month low of $76.82 and a 12-month high of $150.66. The business’s 50 day moving average is $128.53 and its two-hundred day moving average is $130.57. The company has a market capitalization of $9.51 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.66 and a beta of 1.41.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the business earned $2.93 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, November 17th. Oshkosh’s dividend payout ratio (DPR) is presently 19.90%.

Hedge Funds Weigh In On Oshkosh

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Oshkosh during the 3rd quarter worth approximately $26,000. Blue Trust Inc. lifted its holdings in Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares during the last quarter. SJS Investment Consulting Inc. grew its position in Oshkosh by 3,014.3% in the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Oshkosh during the third quarter worth $29,000. Finally, Whittier Trust Co. raised its position in Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after purchasing an additional 114 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.