Oshkosh (NYSE:OSK) Given Buy Rating at Truist Financial

Oshkosh (NYSE:OSK)‘s stock had its “buy” rating reiterated by analysts at Truist Financial in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $161.00 price target on the stock, down from their previous price target of $174.00. Truist Financial‘s price objective suggests a potential upside of 15.15% from the company’s current price.

Several other research firms have also recently weighed in on OSK. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research report on Friday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of Oshkosh from $150.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Zacks Research downgraded shares of Oshkosh from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Citigroup reduced their target price on shares of Oshkosh from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Finally, Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $164.86.

Oshkosh Trading Up 3.4%

NYSE OSK traded up $4.55 on Friday, hitting $139.82. 267,387 shares of the company were exchanged, compared to its average volume of 741,327. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. The firm has a market capitalization of $8.63 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.05 and a beta of 1.26. Oshkosh has a twelve month low of $116.77 and a twelve month high of $180.49. The company’s 50 day moving average price is $140.09 and its 200-day moving average price is $146.45.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.06 by ($0.65). Oshkosh had a return on equity of 12.95% and a net margin of 5.24%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company posted $3.20 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Analysts predict that Oshkosh will post 10.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oshkosh news, Director John Pfeifer sold 778 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $150.00, for a total transaction of $116,700.00. Following the sale, the director owned 150,669 shares of the company’s stock, valued at $22,600,350. This represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oshkosh

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Oshkosh during the second quarter valued at approximately $913,816,000. Dimensional Fund Advisors LP raised its position in Oshkosh by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock worth $449,166,000 after purchasing an additional 46,306 shares during the last quarter. First Trust Advisors LP raised its position in Oshkosh by 6.3% in the 1st quarter. First Trust Advisors LP now owns 1,290,424 shares of the company’s stock worth $189,963,000 after purchasing an additional 76,620 shares during the last quarter. Bank of America Corp DE lifted its holdings in Oshkosh by 0.9% during the 1st quarter. Bank of America Corp DE now owns 978,610 shares of the company’s stock worth $144,061,000 after buying an additional 8,531 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Oshkosh during the 2nd quarter worth $92,996,000. 92.36% of the stock is owned by institutional investors.

Trending Headlines about Oshkosh

Here are the key news stories impacting Oshkosh this week:

• Positive Sentiment: Revenue rose 5.6% year over year to $2.84 billion, indicating continued demand across Oshkosh’s businesses despite the earnings shortfall. Oshkosh third-quarter earnings report
• Positive Sentiment: Oshkosh declared a quarterly dividend of $0.57 per share, or $2.28 annualized, representing a yield of approximately 1.7%. The dividend supports the stock’s appeal to income-oriented investors. Oshkosh dividend announcement
• Positive Sentiment: A recent report suggested Oshkosh could be materially undervalued following a defense-energy partnership, providing a potential long-term catalyst if the relationship generates meaningful contracts or growth. Oshkosh defense-energy partnership valuation article

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.