Brokerages Set Oshkosh Corporation (NYSE:OSK) PT at $162.81

Oshkosh Corporation (NYSE:OSK) has received a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $162.8125.

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their price target on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Barclays started coverage on Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price objective on the stock. Sanford C. Bernstein increased their target price on Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Raymond James Financial reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Oshkosh in a report on Monday. Finally, DA Davidson upped 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, February 2nd.

Insider Buying and Selling at Oshkosh

In other Oshkosh 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 transaction, the senior vice president owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oshkosh

Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in Oshkosh by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after purchasing an additional 68,165 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Oshkosh by 8.1% in 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 valued at $17,705,000 after purchasing an additional 14,122 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Oshkosh during the 1st quarter worth approximately $567,000. Sivia Capital Partners LLC bought a new stake in shares of Oshkosh during the second quarter worth approximately $325,000. Finally, Bessemer Group Inc. raised its stake in shares of Oshkosh by 92.7% during the second quarter. Bessemer Group Inc. now owns 819 shares of the company’s stock worth $93,000 after buying an additional 394 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Down 4.2%

Shares of NYSE:OSK opened at $159.91 on Tuesday. The company’s fifty day moving average is $156.35 and its 200-day moving average is $140.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. Oshkosh has a 52 week low of $76.82 and a 52 week high of $180.49. The company has a market capitalization of $10.00 billion, a PE ratio of 15.96, a P/E/G ratio of 0.85 and a beta of 1.37.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.58 EPS. Equities research analysts predict that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.57 per share. The ex-dividend date was Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.4%. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

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.