Oshkosh (NYSE:OSK) Price Target Raised to $150.00

Oshkosh (NYSE:OSK) had its target price hoisted by JPMorgan Chase & Co. from $145.00 to $150.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird raised their price objective on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Truist Financial lifted their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. DA Davidson upped their target price on shares of Oshkosh from $168.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley cut their price target on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and a consensus target price of $171.33.

Oshkosh Stock Down 0.1%

Oshkosh stock opened at $142.78 on Wednesday. The company has a market capitalization of $8.82 billion, a PE ratio of 16.34, a PEG ratio of 0.88 and a beta of 1.23. Oshkosh has a 12-month low of $116.77 and a 12-month high of $180.49. The firm’s fifty day moving average is $140.88 and its 200 day moving average is $148.10. The company has a quick ratio of 0.83, a current ratio of 1.72 and a debt-to-equity ratio of 0.13.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.24. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, sell-side analysts predict that Oshkosh will post 10.71 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 13th. Oshkosh’s dividend payout ratio (DPR) is currently 26.09%.

Insider Buying and Selling at Oshkosh

In other news, Director Duncan Palmer sold 505 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the sale, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OSK. Tower View Wealth Management LLC purchased a new stake in Oshkosh in the first quarter worth about $29,000. Torren Management LLC purchased a new stake in shares of Oshkosh in the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in Oshkosh during the 4th quarter valued at approximately $44,000. Whittier Trust Co. raised its stake in Oshkosh by 33.7% during the first quarter. Whittier Trust Co. now owns 373 shares of the company’s stock valued at $55,000 after buying an additional 94 shares during the last quarter. Finally, Lodestone Wealth Management LLC bought a new position in shares of Oshkosh during the fourth quarter valued at $47,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.