Oshkosh (NYSE:OSK) Given New $140.00 Price Target at Citigroup

Oshkosh (NYSE:OSK) had its target price lifted by Citigroup from $135.00 to $140.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup‘s price objective suggests a potential downside of 3.18% from the stock’s current price.

Several other research firms also recently commented on OSK. DA Davidson decreased their target price on shares of Oshkosh from $168.00 to $164.00 and set a “buy” rating for the company in a research report on Monday. Zacks Research cut shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Truist Financial reiterated a “buy” rating and set a $161.00 price target (down from $174.00) on shares of Oshkosh in a research note on Friday. Robert W. Baird boosted their price objective on Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Barclays increased their price objective on Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.29.

Oshkosh Stock Up 3.3%

Shares of OSK traded up $4.66 during trading hours on Monday, reaching $144.60. The stock had a trading volume of 417,461 shares, compared to its average volume of 744,946. The firm has a 50-day simple moving average of $139.82 and a 200 day simple moving average of $146.40. Oshkosh has a 12 month low of $116.77 and a 12 month high of $180.49. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.25 and a beta of 1.26.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, October 29th. The company reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). Oshkosh had a net margin of 4.63% and a return on equity of 11.69%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $3.20 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts predict that Oshkosh will post 8.94 earnings per share for the current fiscal year.

Insider Transactions at Oshkosh

In other Oshkosh news, Director John Pfeifer sold 778 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $150.00, for a total value of $116,700.00. Following the completion of the sale, the director owned 150,669 shares in the company, valued at approximately $22,600,350. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Hedge funds and other institutional investors have recently modified their holdings of the business. QTR Family Wealth LLC increased its position in shares of Oshkosh by 12.5% during the 3rd quarter. QTR Family Wealth LLC now owns 1,807 shares of the company’s stock valued at $233,000 after purchasing an additional 201 shares during the last quarter. Covestor Ltd grew its position in Oshkosh by 1.3% during the third quarter. Covestor Ltd now owns 6,648 shares of the company’s stock valued at $856,000 after buying an additional 87 shares during the period. Associated Banc Corp bought a new position in Oshkosh during the third quarter valued at about $242,000. Integrity Alliance LLC. increased its holdings in Oshkosh by 23.0% during the third quarter. Integrity Alliance LLC. now owns 2,959 shares of the company’s stock worth $381,000 after buying an additional 553 shares during the last quarter. Finally, One Way Holdings LLC purchased a new stake in Oshkosh during the third quarter worth about $15,901,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.