Oshkosh (NYSE:OSK) Given New $95.00 Price Target at Citigroup

Oshkosh (NYSE:OSK) had its price target trimmed by Citigroup from $130.00 to $95.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Raymond James increased their price target on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Bank of America increased their target price on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Morgan Stanley boosted their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. KeyCorp decreased their price objective on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group cut their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $117.38.

Oshkosh Stock Performance

Shares of OSK stock opened at $79.25 on Tuesday. Oshkosh has a 52-week low of $76.82 and a 52-week high of $127.94. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.12 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The business has a 50-day simple moving average of $100.24 and a 200-day simple moving average of $101.46.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, equities analysts expect that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.51 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s payout ratio is currently 19.71%.

Institutional Investors Weigh In On Oshkosh

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Oshkosh in the 3rd quarter worth $498,000. Wellington Management Group LLP grew its holdings in shares of Oshkosh by 10.5% in the third quarter. Wellington Management Group LLP now owns 17,477 shares of the company’s stock valued at $1,751,000 after purchasing an additional 1,665 shares during the period. Y Intercept Hong Kong Ltd increased its position in Oshkosh by 57.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after purchasing an additional 7,334 shares during the last quarter. Groupama Asset Managment purchased a new position in Oshkosh during the third quarter worth about $391,000. Finally, Barclays PLC boosted its holdings in Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after purchasing an additional 32,435 shares during the last quarter. Institutional investors and hedge funds 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.