Oshkosh Corporation (NYSE:OSK) Receives $165.31 Consensus Target Price from Analysts

Shares of Oshkosh Corporation (NYSE:OSK) have received a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $165.3125.

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Raymond James Financial restated an “outperform” rating and set a $175.00 target price on shares of Oshkosh in a research report on Monday, March 2nd. Wells Fargo & Company raised their target price on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Finally, Morgan Stanley dropped their price target on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd.

Oshkosh Stock Performance

NYSE:OSK opened at $137.50 on Friday. The stock has a 50 day simple moving average of $158.42 and a 200 day simple moving average of $140.97. The stock has a market cap of $8.61 billion, a P/E ratio of 13.72, a PEG ratio of 0.72 and a beta of 1.37. Oshkosh has a 1-year low of $76.82 and a 1-year high of $180.49. 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 (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the company earned $2.58 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts anticipate that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.7%. Oshkosh’s dividend payout ratio is 22.75%.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the sale, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OSK. Harbor Capital Advisors Inc. bought a new stake in Oshkosh during the third quarter worth about $26,000. Blue Trust Inc. raised its position in shares of Oshkosh by 471.1% in the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after buying an additional 179 shares in the last quarter. SJS Investment Consulting Inc. raised its position in shares of Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after buying an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Oshkosh during the 3rd quarter worth approximately $29,000. Finally, Torren Management LLC bought a new stake in shares of Oshkosh during the 4th quarter worth approximately $30,000. 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.