Oshkosh (NYSE:OSK) Cut to “Strong Sell” at Zacks Research

Oshkosh (NYSE:OSK) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday, Zacks reports.

A number of other equities analysts also recently weighed in on OSK. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a report on Friday, October 9th. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Barclays raised their price target on Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Citigroup cut their target price on Oshkosh from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Robert W. Baird upped their price target on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.79.

Oshkosh Stock Down 0.8%

OSK opened at $127.41 on Tuesday. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The firm has a market capitalization of $7.87 billion, a P/E ratio of 14.58, a PEG ratio of 0.98 and a beta of 1.26. The company’s 50-day moving average is $144.70 and its 200 day moving average is $143.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96.

Oshkosh (NYSE:OSK) last announced its earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.24. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Research analysts expect that Oshkosh will post 10.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John Pfeifer sold 778 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $150.00, for a total value of $116,700.00. Following the transaction, the director owned 150,669 shares of the company’s stock, valued at $22,600,350. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oshkosh

A number of large investors have recently modified their holdings of OSK. Jupiter Topco LLC purchased a new position in Oshkosh in the 2nd quarter worth $6,218,000. Expect Equity LLC purchased a new stake in Oshkosh during the second quarter valued at about $3,565,000. Bank of America Corp DE purchased a new position in shares of Oshkosh in the second quarter worth about $135,656,000. Paralel Advisors LLC purchased a new position in Oshkosh in the 2nd quarter worth approximately $2,409,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in Oshkosh by 84.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,593 shares of the company’s stock worth $8,037,000 after acquiring an additional 25,037 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a specialty vehicle and equipment manufacturer headquartered in Oshkosh, Wisconsin. Founded in 1917, the company develops products for demanding applications in construction, infrastructure, emergency response, defense, and other commercial and industrial markets.

Its products include access equipment such as aerial work platforms and telehandlers, vocational trucks and truck bodies, refuse and concrete equipment, airport ground-support vehicles, and fire and emergency vehicles.