Oshkosh (NYSE:OSK) Lowered to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Oshkosh (NYSE:OSK) from a hold rating to a strong sell rating in a report issued on Thursday morning,Zacks.com reports.

OSK has been the topic of several other research reports. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a research report on Thursday, April 9th. Truist Financial raised their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $180.00 to $170.00 in a research note on Monday, April 13th. Weiss Ratings raised shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Finally, Robert W. Baird dropped their target price on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.60.

Oshkosh Trading Up 2.0%

Shares of OSK opened at $154.97 on Thursday. The business has a 50-day moving average of $138.63 and a 200 day moving average of $148.00. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The firm has a market cap of $9.66 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.29 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 earnings per share. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, research analysts forecast that Oshkosh will post 10.87 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio is presently 25.39%.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the transaction, the director directly owned 39,684 shares in the company, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Annex Advisory Services LLC boosted its holdings in Oshkosh by 2.8% in the 2nd quarter. Annex Advisory Services LLC now owns 2,967 shares of the company’s stock valued at $455,000 after purchasing an additional 80 shares during the period. World Investment Advisors grew its position in shares of Oshkosh by 4.7% during the 1st quarter. World Investment Advisors now owns 1,809 shares of the company’s stock valued at $266,000 after purchasing an additional 82 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Oshkosh by 11.7% in the fourth quarter. IFP Advisors Inc now owns 838 shares of the company’s stock worth $105,000 after purchasing an additional 88 shares during the period. Waverly Advisors LLC increased its holdings in shares of Oshkosh by 0.5% in the first quarter. Waverly Advisors LLC now owns 18,595 shares of the company’s stock worth $2,737,000 after purchasing an additional 90 shares during the period. Finally, Personal CFO Solutions LLC raised its position in shares of Oshkosh by 4.8% in the first quarter. Personal CFO Solutions LLC now owns 1,992 shares of the company’s stock worth $293,000 after buying an additional 92 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

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.