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

Oshkosh Co. (NYSE:OSK) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $125.92.

Several equities research analysts have issued reports on OSK shares. KeyCorp raised their price target on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Bank of America raised their target price on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Raymond James lifted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley increased their price target on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, Evercore ISI lifted their price objective on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th.

Oshkosh Trading Up 1.3 %

Shares of Oshkosh stock opened at $96.99 on Tuesday. The business has a 50 day moving average price of $101.05 and a 200 day moving average price of $102.55. The company has a market capitalization of $6.26 billion, a P/E ratio of 9.37, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh has a 1 year low of $89.08 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Sell-side analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.10%. Oshkosh’s dividend payout ratio is currently 19.71%.

Hedge Funds Weigh In On Oshkosh

Hedge funds and other institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its position in Oshkosh by 17.6% during the third quarter. Crossmark Global Holdings Inc. now owns 3,827 shares of the company’s stock valued at $384,000 after buying an additional 574 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Oshkosh during the 3rd quarter valued at $233,000. Victory Capital Management Inc. lifted its holdings in shares of Oshkosh by 3.7% during the 3rd quarter. Victory Capital Management Inc. now owns 293,060 shares of the company’s stock valued at $29,368,000 after acquiring an additional 10,328 shares in the last quarter. KBC Group NV boosted its position in Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after purchasing an additional 220 shares during the period. Finally, Equity Investment Corp raised its position in Oshkosh by 1.5% in the third quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock valued at $59,012,000 after purchasing an additional 8,611 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

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.