Morgan Stanley Cuts Oshkosh (NYSE:OSK) Price Target to $144.00

Oshkosh (NYSE:OSK) had its price target decreased by Morgan Stanley from $155.00 to $144.00 in a research report sent to investors on Tuesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on OSK. Truist Financial set a $183.00 price objective on Oshkosh in a research report on Friday, January 30th. Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. DA Davidson increased their price target on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, UBS Group reissued a “buy” rating and set a $167.00 price objective on shares of Oshkosh in a research report on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $159.60.

Oshkosh Stock Down 2.2%

Shares of NYSE:OSK opened at $163.32 on Tuesday. The firm has a market capitalization of $10.33 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. Oshkosh has a 1 year low of $76.82 and a 1 year high of $169.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The firm’s 50-day moving average is $139.60 and its two-hundred day moving average is $134.63.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the business posted $2.58 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts predict that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.57 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.4%. Oshkosh’s dividend payout ratio is 20.36%.

Hedge Funds Weigh In On Oshkosh

Several hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in shares of Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after buying an additional 529,907 shares during the last quarter. LSV Asset Management lifted its position in Oshkosh by 1.7% in the third quarter. LSV Asset Management now owns 1,895,825 shares of the company’s stock valued at $245,889,000 after acquiring an additional 31,401 shares during the last quarter. AQR Capital Management LLC boosted its stake in Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after acquiring an additional 345,782 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Oshkosh by 26.3% during the third quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock worth $191,563,000 after purchasing an additional 307,949 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Oshkosh by 2.4% during the second quarter. Bank of America Corp DE now owns 1,090,142 shares of the company’s stock worth $123,775,000 after purchasing an additional 25,125 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

About Oshkosh

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.