Oshkosh (NYSE:OSK) Stock Gets Price Target Cut from DA Davidson

Oshkosh (NYSE:OSK) had its price target decreased by DA Davidson from $168.00 to $164.00 in a research report sent to investors on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on OSK. Barclays raised their target price on Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Citigroup reduced their price target on shares of Oshkosh from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $132.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Zacks Research downgraded shares of Oshkosh from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Finally, Truist Financial reissued a “buy” rating and issued a $161.00 price objective (down from $174.00) on shares of Oshkosh in a report on Friday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and a consensus price target of $164.50.

Oshkosh Price Performance

Shares of OSK opened at $143.35 on Monday. The firm has a market cap of $8.74 billion, a PE ratio of 18.10, a P/E/G ratio of 1.27 and a beta of 1.27. 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 firm has a fifty day simple moving average of $139.07 and a two-hundred day simple moving average of $146.28. Oshkosh has a 1-year low of $116.77 and a 1-year high of $180.49.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). Oshkosh had a return on equity of 11.69% and a net margin of 4.63%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the business earned $3.20 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts anticipate that Oshkosh will post 9.00 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 16th. Oshkosh’s dividend payout ratio is presently 28.79%.

Insider Activity

In related news, Director John Pfeifer sold 778 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $150.00, for a total value of $116,700.00. Following the transaction, the director directly owned 150,669 shares of the company’s stock, valued at approximately $22,600,350. The trade was a 0.51% decrease in their position. The transaction 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. Corporate insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC boosted its stake in Oshkosh by 2.8% during the second quarter. Annex Advisory Services LLC now owns 2,967 shares of the company’s stock worth $455,000 after buying an additional 80 shares during the period. World Investment Advisors increased its position in Oshkosh by 4.7% during the first quarter. World Investment Advisors now owns 1,809 shares of the company’s stock valued at $266,000 after acquiring an additional 82 shares during the last quarter. Covestor Ltd raised its stake in shares of Oshkosh by 1.3% in the third quarter. Covestor Ltd now owns 6,648 shares of the company’s stock valued at $856,000 after acquiring an additional 87 shares during the period. Waverly Advisors LLC raised its stake in shares of Oshkosh by 0.5% in the first quarter. Waverly Advisors LLC now owns 18,595 shares of the company’s stock valued at $2,737,000 after acquiring an additional 90 shares during the period. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Oshkosh by 4.8% in the 1st quarter. Personal CFO Solutions LLC now owns 1,992 shares of the company’s stock worth $293,000 after acquiring an additional 92 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

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.