Oshkosh (NYSE:OSK) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Oshkosh (NYSE:OSK) from a hold rating to a strong sell rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Barclays assumed coverage on shares of Oshkosh in a report on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price target on the stock. Citigroup lifted their price target on Oshkosh from $150.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Argus lowered their price objective on Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and an average price target of $153.31.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $153.99 on Thursday. The company has a market capitalization of $9.74 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. Oshkosh has a one year low of $76.82 and a one year high of $158.53. The business’s 50-day moving average price is $134.30 and its two-hundred day moving average price is $132.85.

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

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.3%. Oshkosh’s dividend payout ratio is 19.90%.

Institutional Investors Weigh In On Oshkosh

A number of hedge funds and other institutional investors have recently made changes to their positions in OSK. Goldman Sachs Group Inc. increased its stake in Oshkosh by 43.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after acquiring an additional 68,165 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Oshkosh by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after purchasing an additional 14,122 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Oshkosh in the first quarter worth $567,000. Sivia Capital Partners LLC acquired a new position in Oshkosh in the second quarter valued at about $325,000. Finally, Farther Finance Advisors LLC lifted its position in Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after purchasing an additional 106 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.