Oshkosh (NYSE:OSK) Upgraded at Wall Street Zen

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

OSK has been the subject of a number of other reports. Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Truist Financial set a $183.00 price objective on Oshkosh in a research report on Friday, January 30th. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. DA Davidson lifted their price target on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, UBS Group restated a “buy” rating and set a $167.00 price target on shares of Oshkosh in a 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 given a Sell rating to the stock. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average target price of $159.60.

Oshkosh Stock Up 0.8%

Shares of NYSE OSK opened at $176.90 on Friday. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 0.89 and a beta of 1.43. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. Oshkosh has a 12 month low of $76.82 and a 12 month high of $180.49. The stock has a 50-day moving average price of $149.89 and a two-hundred day moving average price of $138.26.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.58 earnings per share. As a group, analysts forecast that Oshkosh will post 10.96 earnings per share for the current fiscal 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 given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s payout ratio is currently 22.75%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OSK. Dimensional Fund Advisors LP increased its position in shares of Oshkosh by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,005,205 shares of the company’s stock worth $377,547,000 after buying an additional 175,139 shares during the period. American Century Companies Inc. boosted its position in Oshkosh by 22.8% during the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after acquiring an additional 529,907 shares during the last quarter. LSV Asset Management boosted its position in Oshkosh by 0.9% during the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock valued at $240,427,000 after acquiring an additional 17,944 shares during the last quarter. Invesco Ltd. grew its holdings in Oshkosh by 20.4% during the 4th quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after acquiring an additional 300,766 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Oshkosh by 25.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after acquiring an additional 345,782 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.