Analysts Set Oshkosh Corporation (NYSE:OSK) Price Target at $165.31

Oshkosh Corporation (NYSE:OSK) has earned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $165.3125.

A number of research firms have weighed in on OSK. Robert W. Baird set a $182.00 price objective on Oshkosh in a research report on Friday, January 30th. Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Morgan Stanley decreased their price target on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, February 3rd. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Finally, Sanford C. Bernstein boosted their price objective on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $147.02 on Friday. The company has a 50-day simple moving average of $157.94 and a 200-day simple moving average of $141.21. Oshkosh has a one year low of $76.82 and a one year high of $180.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.76 and a beta of 1.39.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.Oshkosh’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $2.58 EPS. On average, analysts predict that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. Oshkosh’s payout ratio is presently 22.75%.

Insider Activity

In other news, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the transaction, the senior vice president directly owned 13,577 shares in the company, valued at $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. purchased a new position in shares of Oshkosh during the 3rd quarter worth approximately $26,000. Blue Trust Inc. boosted its stake in shares of Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after buying an additional 179 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of Oshkosh by 3,014.3% in the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after buying an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Oshkosh during the 3rd quarter worth $29,000. Finally, Torren Management LLC acquired a new position in Oshkosh during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.