Evercore ISI Boosts Oshkosh (NYSE:OSK) Price Target to $137.00

Oshkosh (NYSE:OSK - Free Report) had its target price lifted by Evercore ISI from $122.00 to $137.00 in a research note published on Wednesday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on OSK. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $115.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Bank of America lifted their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. UBS Group lifted their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Truist Financial lifted their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.23.

Oshkosh Stock Performance

NYSE:OSK traded down $7.12 during mid-day trading on Wednesday, reaching $103.18. The stock had a trading volume of 802,821 shares, compared to its average volume of 744,196. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.45 and a beta of 1.23. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The business has a 50 day simple moving average of $99.89 and a 200 day simple moving average of $103.04.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.51 dividend. This is a boost from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.98%. The ex-dividend date is Friday, February 14th. Oshkosh's payout ratio is presently 19.71%.

Institutional Trading of Oshkosh

Several hedge funds and other institutional investors have recently bought and sold shares of OSK. Norges Bank purchased a new stake in Oshkosh in the 4th quarter worth approximately $72,692,000. American Century Companies Inc. grew its stake in Oshkosh by 23.3% in the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after acquiring an additional 384,141 shares during the period. Point72 Asset Management L.P. purchased a new stake in Oshkosh in the 4th quarter worth approximately $25,968,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Oshkosh in the 4th quarter worth approximately $23,285,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company's stock valued at $24,073,000 after purchasing an additional 233,218 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.