Oshkosh Corporation (NYSE:OSK) Stock Has Consensus Price Target of $164.50

Oshkosh Corporation (NYSE:OSK) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $163.79.

OSK has been the topic of several research analyst reports. Morgan Stanley cut their price target on shares of Oshkosh from $147.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 3rd. Truist Financial restated a “buy” rating and issued a $161.00 price objective (down from $174.00) on shares of Oshkosh in a research note on Friday, October 30th. JPMorgan Chase & Co. raised their price objective on Oshkosh from $132.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. Citigroup raised their price objective on Oshkosh from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Finally, Zacks Research lowered Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th.

Insider Transactions at Oshkosh

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

Hedge Funds Weigh In On Oshkosh

A number of large investors have recently bought and sold shares of OSK. Annex Advisory Services LLC raised its holdings in Oshkosh by 2.8% during the second quarter. Annex Advisory Services LLC now owns 2,967 shares of the company’s stock worth $455,000 after purchasing an additional 80 shares in the last quarter. World Investment Advisors boosted its stake in shares of Oshkosh by 4.7% in the first quarter. World Investment Advisors now owns 1,809 shares of the company’s stock valued at $266,000 after buying an additional 82 shares in the last quarter. Covestor Ltd boosted its stake in shares of Oshkosh by 1.3% in the third quarter. Covestor Ltd now owns 6,648 shares of the company’s stock valued at $856,000 after buying an additional 87 shares in the last quarter. Waverly Advisors LLC grew its holdings in Oshkosh by 0.5% during the first quarter. Waverly Advisors LLC now owns 18,595 shares of the company’s stock worth $2,737,000 after acquiring an additional 90 shares during the period. Finally, Personal CFO Solutions LLC grew its holdings in Oshkosh by 4.8% during the first quarter. Personal CFO Solutions LLC now owns 1,992 shares of the company’s stock worth $293,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

OSK stock opened at $140.00 on Friday. The business has a 50 day moving average price of $137.63 and a 200 day moving average price of $145.98. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.27 and a beta of 1.27. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, October 29th. The company reported $2.41 earnings per share for the quarter, missing the consensus estimate of $3.06 by ($0.65). Oshkosh had a return on equity of 11.69% and a net margin of 4.63%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm posted $3.20 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that Oshkosh will post 8.79 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th. Oshkosh’s dividend payout ratio (DPR) is presently 28.79%.

About Oshkosh

Oshkosh Corporation is a manufacturer of specialty vehicles and equipment for customers in construction, emergency response, waste services, airports and defense. Its products include JLG aerial work platforms and telehandlers, fire and emergency vehicles, refuse collection trucks, concrete mixers, airport snow removal equipment and military vehicles. The company operates through Access, Vocational and Defense businesses, with well-known brands including JLG, Pierce, McNeilus and Oshkosh. Its equipment serves customers in the United States and international markets.