Oshkosh (NYSE:OSK) Price Target Raised to $180.00

Oshkosh (NYSE:OSK) had its target price boosted by Citigroup from $170.00 to $180.00 in a research report released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

OSK has been the topic of several other research reports. KeyCorp reissued an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. DA Davidson raised their price target on shares of Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. UBS Group lifted their price objective on shares of Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research report on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.31.

Oshkosh Trading Down 2.5%

Shares of NYSE:OSK opened at $152.48 on Monday. The business’s 50-day moving average is $158.48 and its 200 day moving average is $140.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. Oshkosh has a 1 year low of $76.82 and a 1 year high of $180.49. The firm has a market capitalization of $9.54 billion, a P/E ratio of 15.22, a P/E/G ratio of 0.79 and a beta of 1.37.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the business posted $2.58 EPS. Oshkosh’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. Oshkosh’s payout ratio is currently 22.75%.

Insiders Place Their Bets

In other Oshkosh 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 completion of the transaction, the senior vice president owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Institutional investors and hedge funds have recently modified their holdings of the business. Sivia Capital Partners LLC boosted its position in Oshkosh by 2.8% during the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after purchasing an additional 81 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Oshkosh by 3.1% in the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock valued at $324,000 after buying an additional 87 shares in the last quarter. IFP Advisors Inc increased its position in shares of Oshkosh by 11.7% in the fourth quarter. IFP Advisors Inc now owns 838 shares of the company’s stock valued at $105,000 after buying an additional 88 shares in the last quarter. Groupama Asset Managment raised its stake in shares of Oshkosh by 1.7% during the 4th quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock worth $680,000 after buying an additional 93 shares during the period. Finally, HB Wealth Management LLC lifted its position in shares of Oshkosh by 4.1% during the 4th quarter. HB Wealth Management LLC now owns 2,502 shares of the company’s stock valued at $314,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.