Jefferies Financial Group Trims Oshkosh (NYSE:OSK) Target Price to $105.00

Oshkosh (NYSE:OSK) had its target price decreased by Jefferies Financial Group from $135.00 to $105.00 in a research note released on Thursday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other research firms also recently commented on OSK. JPMorgan Chase & Co. dropped their price target on Oshkosh from $130.00 to $120.00 and set a neutral rating for the company in a research note on Wednesday. Bank of America upped their price target on shares of Oshkosh from $108.00 to $112.00 and gave the stock an underperform rating in a report on Tuesday, May 28th. Stifel Nicolaus lifted their price objective on shares of Oshkosh from $135.00 to $140.00 and gave the company a buy rating in a research note on Friday, April 26th. Robert W. Baird upped their target price on Oshkosh from $158.00 to $190.00 and gave the stock an outperform rating in a research note on Friday, May 10th. Finally, StockNews.com lowered Oshkosh from a buy rating to a hold rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Oshkosh currently has a consensus rating of Hold and a consensus price target of $124.82.

Oshkosh Trading Up 1.5 %

NYSE OSK opened at $108.03 on Thursday. Oshkosh has a 12 month low of $86.10 and a 12 month high of $127.98. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $110.99 and a 200-day moving average of $112.77. The company has a market cap of $7.07 billion, a PE ratio of 10.34, a PEG ratio of 1.09 and a beta of 1.22.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. On average, equities research analysts anticipate that Oshkosh will post 11.21 EPS for the current fiscal year.

Oshkosh Announces Dividend

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

Institutional Investors Weigh In On Oshkosh

Several large investors have recently made changes to their positions in OSK. Atlas Capital Advisors LLC grew its position in Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 139 shares during the period. Headlands Technologies LLC bought a new position in shares of Oshkosh during the 1st quarter valued at approximately $31,000. Rise Advisors LLC increased its stake in shares of Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Oshkosh by 53.6% in 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 period. Finally, GAMMA Investing LLC bought a new stake in Oshkosh in the 4th quarter valued at about $42,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Company Profile

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.