Oshkosh Corporation (NYSE:OSK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Oshkosh Corporation (NYSE:OSK) have been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $133.0833.

OSK has been the topic of a number of research reports. Robert W. Baird upped their target price on shares of Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Evercore ISI upped their target price on shares of Oshkosh from $137.00 to $147.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Jefferies Financial Group reiterated a “hold” rating on shares of Oshkosh in a research report on Friday, June 6th. Citigroup reiterated a “buy” rating and set a $130.00 target price (up from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Finally, Bank of America upped their target price on shares of Oshkosh from $90.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, June 6th.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $140.27 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The firm’s 50-day simple moving average is $122.59 and its 200-day simple moving average is $105.74. Oshkosh has a twelve month low of $76.82 and a twelve month high of $141.98. The firm has a market cap of $8.98 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business earned $3.34 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, research analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Oshkosh’s dividend payout ratio is presently 20.48%.

Institutional Investors Weigh In On Oshkosh

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after purchasing an additional 127 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 114 shares during the period. CX Institutional acquired a new position in shares of Oshkosh in the first quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its holdings in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after buying an additional 186 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its holdings in shares of Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after buying an additional 110 shares during the period. 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.