Oshkosh (NYSE:OSK) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Oshkosh (NYSE:OSK) from a buy rating to a hold rating in a research note released on Saturday.

OSK has been the topic of a number of other research reports. Evercore reissued an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a report on Monday, May 11th. Wells Fargo & Company raised their price objective on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. UBS Group raised their price objective on shares of Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Sanford C. Bernstein set a $138.00 price objective on shares of Oshkosh in a report on Thursday, April 9th. Finally, Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.38.

Oshkosh Stock Down 4.6%

Shares of Oshkosh stock opened at $120.28 on Friday. Oshkosh has a 52-week low of $96.03 and a 52-week high of $180.49. The company has a 50 day moving average of $146.88 and a 200 day moving average of $143.96. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $7.50 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.59 and a beta of 1.33.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the business posted $1.92 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, research analysts forecast that Oshkosh will post 11 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, May 26th. Oshkosh’s payout ratio is presently 25.39%.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the transaction, the senior vice president directly owned 13,577 shares of the company’s stock, valued at $2,295,463.39. The trade was a 22.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Duncan Palmer sold 505 shares of Oshkosh stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the transaction, the director directly owned 39,684 shares in the company, valued at $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently modified their holdings of OSK. Abich Financial Wealth Management LLC acquired a new position in shares of Oshkosh in the 3rd quarter valued at $29,000. Tower View Wealth Management LLC acquired a new position in shares of Oshkosh in the 1st quarter valued at $29,000. Torren Management LLC acquired a new position in shares of Oshkosh in the 4th quarter valued at $30,000. Quent Capital LLC purchased a new position in Oshkosh in the 3rd quarter valued at $35,000. Finally, Root Financial Partners LLC purchased a new position in Oshkosh in the 3rd quarter valued at $35,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Company Profile

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.