Oshkosh (NYSE:OSK) Price Target Increased to $158.00 by Analysts at Robert W. Baird

Oshkosh (NYSE:OSK) had its target price boosted by Robert W. Baird from $140.00 to $158.00 in a research report released on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on OSK. Wells Fargo & Company lifted their price target on shares of Oshkosh from $114.00 to $122.00 and gave the stock an equal weight rating in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Oshkosh from a hold rating to a buy rating in a research report on Monday, April 8th. Evercore ISI increased their price target on Oshkosh from $122.00 to $124.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. Citigroup lifted their price objective on Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Finally, UBS Group increased their target price on Oshkosh from $117.00 to $129.00 and gave the company a buy rating in a research note on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $123.50.

Oshkosh Price Performance

OSK opened at $117.88 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The stock has a market capitalization of $7.73 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. The company’s 50 day simple moving average is $117.68 and its 200-day simple moving average is $107.41. Oshkosh has a one year low of $72.09 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.59 EPS. Sell-side analysts anticipate that Oshkosh will post 11.31 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, May 10th. Oshkosh’s payout ratio is 17.61%.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was 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 of the company’s stock, valued at $1,503,518.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by company insiders.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently added to or reduced their stakes in OSK. Atlas Capital Advisors LLC increased its stake in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares during the last quarter. BluePath Capital Management LLC bought a new position in Oshkosh during the third quarter worth about $32,000. Rise Advisors LLC grew its holdings in Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares during the period. Venturi Wealth Management LLC increased its position in Oshkosh by 53.6% during the fourth 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. Finally, GAMMA Investing LLC bought a new stake in Oshkosh in the fourth quarter valued at approximately $42,000. 92.36% of the stock is owned by institutional investors.

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.