Analysts Set Oshkosh Corporation (NYSE:OSK) Target Price at $159.60

Shares of Oshkosh Corporation (NYSE:OSKGet Free Report) have received an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $159.60.

Several equities research analysts recently issued reports on OSK shares. Truist Financial set a $183.00 price objective on Oshkosh in a research note on Friday, January 30th. UBS Group reiterated a “buy” rating and set a $167.00 price target on shares of Oshkosh in a research report on Friday, January 30th. DA Davidson boosted their price target on shares of Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Finally, JPMorgan Chase & Co. upped their target price on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th.

Check Out Our Latest Analysis on Oshkosh

Oshkosh Stock Up 5.1%

Oshkosh stock opened at $171.88 on Friday. The firm has a 50 day moving average price of $140.47 and a 200-day moving average price of $135.08. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. Oshkosh has a twelve month low of $76.82 and a twelve month high of $172.93. The company has a market capitalization of $10.87 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.87 and a beta of 1.43.

Oshkosh (NYSE:OSKGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the prior year, the company earned $2.58 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a yield of 1.3%. Oshkosh’s dividend payout ratio (DPR) is currently 20.36%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OSK. Harbor Capital Advisors Inc. bought a new position in Oshkosh in the third quarter worth about $26,000. Blue Trust Inc. grew its holdings in shares of Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Oshkosh in the 3rd quarter valued at approximately $29,000. Finally, Torren Management LLC purchased a new position in shares of Oshkosh in the 4th quarter valued at approximately $30,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Company Profile

(Get Free Report)

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

Read More

Analyst Recommendations for Oshkosh (NYSE:OSK)

Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.