Zacks Research Upgrades Oshkosh (NYSE:OSK) to Hold

Oshkosh (NYSE:OSK) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

OSK has been the topic of a number of other research reports. UBS Group raised their target price on Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a report on Friday. Sanford C. Bernstein lifted their target price on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. Argus decreased their price target on Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. 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. Finally, Barclays started coverage on shares of Oshkosh in a research report on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 target price for the company. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.69.

Oshkosh Trading Down 3.4%

Shares of OSK stock opened at $154.61 on Thursday. The company has a market cap of $9.67 billion, a P/E ratio of 15.43, a PEG ratio of 0.81 and a beta of 1.37. Oshkosh has a fifty-two week low of $76.82 and a fifty-two week high of $180.49. The stock has a 50 day simple moving average of $156.83 and a two-hundred day simple moving average of $140.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94.

Oshkosh (NYSE:OSK) last posted 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 return on equity of 15.69% and a net margin of 6.21%.The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the business posted $2.58 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts forecast that Oshkosh will post 10.96 earnings per share for the current year.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the transaction, the senior vice president owned 13,577 shares in the company, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently bought and sold shares of the business. Keybank National Association OH purchased a new position in Oshkosh in the third quarter worth about $422,000. Mutual Advisors LLC purchased a new position in Oshkosh during the third quarter valued at approximately $849,000. Peterson Wealth Services raised its holdings in Oshkosh by 3,459.5% during the third quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock valued at $7,387,000 after acquiring an additional 55,352 shares during the period. Convergence Investment Partners LLC purchased a new stake in Oshkosh during the 3rd quarter valued at approximately $1,162,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Oshkosh in the 3rd quarter worth $1,399,000. 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.