Oshkosh (NYSE:OSK) Price Target Raised to $118.00

Oshkosh (NYSE:OSK) had its target price raised by Truist Financial from $109.00 to $118.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research firms have also recently weighed in on OSK. KeyCorp boosted their price target on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup lowered their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, UBS Group dropped their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.25.

Oshkosh Stock Up 2.7 %

NYSE OSK opened at $116.30 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh has a 1-year low of $89.08 and a 1-year high of $127.98. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.72 and a beta of 1.21. The company has a 50 day moving average of $99.78 and a 200-day moving average of $103.08.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, equities research analysts expect that Oshkosh will post 11.34 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a $0.51 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, February 14th. Oshkosh’s payout ratio is currently 17.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh in the 3rd quarter valued at about $25,000. Blue Trust Inc. grew its stake in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in Oshkosh in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group purchased a new stake in Oshkosh during the 3rd quarter valued at $34,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Oshkosh in the fourth quarter worth about $44,000. 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.