Oshkosh Co. (NYSE:OSK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Oshkosh Co. (NYSE:OSK) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $123.50.

A number of equities analysts recently commented on OSK shares. Truist Financial lifted their price target on Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a report on Friday. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $122.00 to $130.00 in a report on Friday, March 1st. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. UBS Group boosted their price objective on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Evercore ISI boosted their price objective on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th.

Oshkosh Price Performance

NYSE:OSK opened at $117.58 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45. The stock’s 50-day simple moving average is $117.49 and its 200 day simple moving average is $107.07. The company has a market cap of $7.71 billion, a P/E ratio of 12.95, a P/E/G ratio of 1.54 and a beta of 1.29. Oshkosh has a 52-week low of $72.09 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company posted $1.59 earnings per share. Oshkosh’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Oshkosh will post 10.33 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. Oshkosh’s dividend payout ratio (DPR) is presently 20.26%.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Oshkosh

Several institutional investors have recently modified their holdings of OSK. CWM LLC boosted its position in Oshkosh by 18.8% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $218,000 after acquiring an additional 362 shares during the last quarter. SG Americas Securities LLC bought a new stake in Oshkosh during the third quarter valued at $1,325,000. Counterpoint Mutual Funds LLC bought a new stake in Oshkosh during the third quarter valued at $86,000. Commonwealth Equity Services LLC boosted its position in Oshkosh by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 28,652 shares of the company’s stock valued at $2,734,000 after acquiring an additional 2,226 shares during the last quarter. Finally, FinTrust Capital Advisors LLC bought a new stake in Oshkosh during the third quarter valued at $191,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.