Oshkosh (NYSE:OSK) Upgraded at Bank of America

Bank of America upgraded shares of Oshkosh (NYSE:OSK) from an underperform rating to a neutral rating in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have $149.00 target price on the stock.

Several other research firms have also weighed in on OSK. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Argus cut their target price on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. DA Davidson lifted their price target on shares of Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Monday. KeyCorp reissued an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. Finally, Citigroup dropped their price objective on Oshkosh from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $159.60.

Oshkosh Stock Down 2.2%

NYSE:OSK opened at $163.32 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. Oshkosh has a 12-month low of $76.82 and a 12-month high of $169.62. The stock’s fifty day simple moving average is $139.60 and its 200-day simple moving average is $134.63. The firm has a market capitalization of $10.33 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.85 and a beta of 1.43.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share 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 company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the company posted $2.58 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts expect that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

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

Institutional Trading of Oshkosh

Institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Oshkosh during the third quarter worth about $26,000. Blue Trust Inc. boosted its position in Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Oshkosh in the third quarter valued at approximately $29,000. Finally, Torren Management LLC bought a new stake in shares of Oshkosh in the fourth quarter worth $30,000. 92.36% of the stock is currently owned by 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.