Oshkosh (NYSE:OSK) Price Target Raised to $130.00

Oshkosh (NYSE:OSK) had its price objective hoisted by JPMorgan Chase & Co. from $120.00 to $130.00 in a research report released on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also issued reports on OSK. Morgan Stanley started coverage on Oshkosh in a research report on Monday, January 8th. They issued an equal weight rating and a $102.00 target price for the company. Stifel Nicolaus increased their target price on Oshkosh from $115.00 to $120.00 and gave the stock a buy rating in a research report on Tuesday, December 19th. UBS Group increased their target price on Oshkosh from $117.00 to $129.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Citigroup increased their target price on Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. Finally, TheStreet raised Oshkosh from a c rating to a b- rating in a research report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Oshkosh has an average rating of Moderate Buy and an average price target of $120.25.

Oshkosh Trading Down 0.8 %

NYSE OSK opened at $117.65 on Tuesday. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98. 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 has a 50 day simple moving average of $116.46 and a two-hundred day simple moving average of $105.97. The stock has a market cap of $7.72 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the business posted $1.60 EPS. The business’s revenue was up 12.1% on a year-over-year basis. On average, analysts forecast that Oshkosh will post 10.33 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a $0.46 dividend. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. Oshkosh’s dividend payout ratio (DPR) is presently 20.26%.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Oshkosh

Institutional investors and hedge funds have recently modified their holdings of the business. Atlas Capital Advisors LLC boosted its stake in shares of Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 139 shares during the last quarter. Money Concepts Capital Corp boosted its stake in shares of Oshkosh by 1,359.1% in the 4th quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock worth $28,000 after buying an additional 299 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of Oshkosh in the 3rd quarter worth $32,000. Rise Advisors LLC boosted its stake in shares of Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after buying an additional 181 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after buying an additional 111 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

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.