Oshkosh (NYSE:OSK) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Oshkosh (NYSE:OSKGet Rating) from a buy rating to a hold rating in a research note released on Thursday morning.

A number of other equities research analysts also recently weighed in on the stock. UBS Group reduced their price target on shares of Oshkosh from $125.00 to $114.00 and set a buy rating on the stock in a research note on Tuesday, August 2nd. Robert W. Baird decreased their target price on shares of Oshkosh from $84.00 to $83.00 and set a neutral rating on the stock in a research note on Thursday, July 28th. Citigroup upped their price target on shares of Oshkosh to $95.00 in a report on Tuesday, November 1st. Credit Suisse Group raised their price objective on Oshkosh from $95.00 to $99.00 and gave the company an outperform rating in a report on Friday, October 28th. Finally, The Goldman Sachs Group upped their target price on Oshkosh from $89.00 to $104.00 and gave the stock a buy rating in a report on Friday, October 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $100.43.

Oshkosh Stock Performance

NYSE:OSK opened at $92.91 on Thursday. Oshkosh has a twelve month low of $69.30 and a twelve month high of $125.16. The company has a quick ratio of 1.08, a current ratio of 1.81 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $82.17 and its 200 day simple moving average is $84.18. The firm has a market capitalization of $6.08 billion, a PE ratio of 67.82, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, November 10th. Oshkosh’s dividend payout ratio (DPR) is presently 108.03%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Greenhaven Associates Inc. acquired a new stake in Oshkosh during the third quarter worth approximately $122,303,000. American Century Companies Inc. grew its position in shares of Oshkosh by 58.2% during the 1st quarter. American Century Companies Inc. now owns 2,094,143 shares of the company’s stock worth $210,775,000 after buying an additional 770,298 shares during the period. Bank of America Corp DE increased its stake in shares of Oshkosh by 209.0% in the 1st quarter. Bank of America Corp DE now owns 774,518 shares of the company’s stock valued at $77,955,000 after acquiring an additional 523,900 shares in the last quarter. Equity Investment Corp acquired a new position in shares of Oshkosh during the 2nd quarter valued at $40,887,000. Finally, Victory Capital Management Inc. boosted its stake in Oshkosh by 19.4% during the second quarter. Victory Capital Management Inc. now owns 2,764,200 shares of the company’s stock worth $227,052,000 after acquiring an additional 449,087 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

Oshkosh Company Profile

(Get Rating)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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