Oshkosh (NYSE:OSK) Now Covered by Analysts at Raymond James

Raymond James started coverage on shares of Oshkosh (NYSE:OSK) in a research report released on Friday, MarketBeat reports. The firm issued an outperform rating and a $125.00 target price on the stock.

Several other brokerages have also weighed in on OSK. Truist Financial increased their price objective on shares of Oshkosh from $121.00 to $132.00 and gave the company a hold rating in a report on Friday, April 26th. Bank of America raised their price target on Oshkosh from $108.00 to $112.00 and gave the stock an underperform rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $130.00 and gave the stock a neutral rating in a research report on Tuesday, April 16th. Robert W. Baird increased their price target on shares of Oshkosh from $158.00 to $190.00 and gave the company an outperform rating in a research report on Friday, May 10th. Finally, DA Davidson raised shares of Oshkosh from a neutral rating to a buy rating and lifted their price objective for the stock from $122.00 to $130.00 in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $127.25.

Oshkosh Stock Up 2.7 %

NYSE OSK opened at $108.20 on Friday. The stock has a fifty day moving average of $113.33 and a 200-day moving average of $112.96. The stock has a market capitalization of $7.08 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 1.06 and a beta of 1.26. Oshkosh has a 52 week low of $83.25 and a 52 week high of $127.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.59 earnings per share. On average, equities research analysts forecast that Oshkosh will post 11.17 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Friday, May 10th. Oshkosh’s dividend payout ratio is 17.61%.

Hedge Funds Weigh In On Oshkosh

Large investors have recently modified their holdings of the stock. Atlas Capital Advisors LLC boosted its holdings in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 139 shares during the period. Headlands Technologies LLC acquired a new position in shares of Oshkosh in the first quarter valued at approximately $31,000. Rise Advisors LLC increased its stake in shares of Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares during the period. Venturi Wealth Management LLC lifted its holdings in Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after purchasing an additional 111 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in Oshkosh in the 4th quarter valued at $42,000. 92.36% of the stock is owned by institutional investors.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.