Oshkosh Co. (NYSE:OSK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Oshkosh Co. (NYSE:OSK) have been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $125.25.

OSK has been the topic of several research reports. Robert W. Baird cut their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Raymond James raised their price objective on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday. Truist Financial boosted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday. Citigroup decreased their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, UBS Group dropped their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th.

Hedge Funds Weigh In On Oshkosh

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Jackson Hole Trust bought a new position in shares of Oshkosh in the fourth quarter valued at approximately $44,000. Venturi Wealth Management LLC increased its position in shares of Oshkosh by 24.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,250 shares of the company’s stock valued at $119,000 after purchasing an additional 249 shares during the period. Truist Financial Corp raised its stake in shares of Oshkosh by 3.7% in the 4th quarter. Truist Financial Corp now owns 19,482 shares of the company’s stock worth $1,852,000 after buying an additional 687 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Oshkosh by 11.1% in the fourth quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock valued at $204,000 after buying an additional 214 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Oshkosh by 108.7% in 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 period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Oshkosh stock opened at $116.30 on Monday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $99.78 and a 200-day moving average of $102.95. The stock has a market cap of $7.57 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. Oshkosh has a 52 week low of $89.08 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping 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, analysts expect that Oshkosh will post 11.34 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business 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 dividend of $0.51 per share. 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 dividend yield of 1.75%. The ex-dividend date is Friday, February 14th. Oshkosh’s payout ratio is currently 19.71%.

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.