Oshkosh Corporation (NYSE:OSK) Stock Has Average Target Price of $164.50 According to Analysts

Shares of Oshkosh Corporation (NYSE:OSK) have received a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $163.79.

A number of research analysts have issued reports on OSK shares. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $161.00 price target (down from $174.00) on shares of Oshkosh in a research report on Friday, October 30th. Morgan Stanley reduced their price objective on Oshkosh from $147.00 to $139.00 and set an “equal weight” rating for the company in a report on Tuesday, November 3rd. Citigroup upped their price objective on Oshkosh from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $132.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th.

Oshkosh Trading Down 0.6%

OSK opened at $140.49 on Friday. The firm has a market capitalization of $8.57 billion, a PE ratio of 17.74, a P/E/G ratio of 1.28 and a beta of 1.27. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The company’s 50-day moving average is $137.26 and its 200 day moving average is $145.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 1.00.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, October 29th. The company reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). Oshkosh had a return on equity of 11.69% and a net margin of 4.63%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm earned $3.20 EPS. Oshkosh’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, research analysts predict that Oshkosh will post 8.83 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, November 16th. Oshkosh’s dividend payout ratio is 28.79%.

Insiders Place Their Bets

In related news, Director John Pfeifer sold 778 shares of Oshkosh stock in a transaction on Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the transaction, the director directly owned 150,669 shares in the company, valued at approximately $22,600,350. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Oshkosh in the 2nd quarter worth approximately $913,816,000. Dimensional Fund Advisors LP lifted its position in Oshkosh by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock worth $449,166,000 after acquiring an additional 46,306 shares during the period. First Trust Advisors LP lifted its position in Oshkosh by 3.2% during the 3rd quarter. First Trust Advisors LP now owns 1,444,821 shares of the company’s stock worth $186,122,000 after acquiring an additional 44,682 shares during the period. Bank of America Corp DE lifted its position in Oshkosh by 0.9% during the 1st quarter. Bank of America Corp DE now owns 978,610 shares of the company’s stock worth $144,061,000 after acquiring an additional 8,531 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Oshkosh during the 2nd quarter valued at about $92,996,000. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation is a manufacturer of specialty vehicles and equipment for customers in construction, emergency response, waste services, airports and defense. Its products include JLG aerial work platforms and telehandlers, fire and emergency vehicles, refuse collection trucks, concrete mixers, airport snow removal equipment and military vehicles. The company operates through Access, Vocational and Defense businesses, with well-known brands including JLG, Pierce, McNeilus and Oshkosh. Its equipment serves customers in the United States and international markets.