KeyCorp Increases Oshkosh (NYSE:OSK) Price Target to $132.00

Oshkosh (NYSE:OSK - Free Report) had its target price upped by KeyCorp from $113.00 to $132.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently commented on the company. UBS Group cut their price target on Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on Oshkosh from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Citigroup decreased their target price on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Truist Financial lowered their price target on Oshkosh from $116.00 to $109.00 and set a "hold" rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.00.

Oshkosh Trading Down 1.3 %

Shares of OSK stock traded down $1.43 during mid-day trading on Friday, hitting $111.42. 930,321 shares of the company's stock were exchanged, compared to its average volume of 753,237. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.97 and a beta of 1.22. The stock has a 50-day simple moving average of $99.75 and a two-hundred day simple moving average of $102.98. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Equities analysts expect that Oshkosh will post 11 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a $0.51 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.83%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio is currently 17.78%.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after acquiring an additional 28,478 shares in the last quarter. Virtu Financial LLC purchased a new position in Oshkosh during the 3rd quarter worth approximately $504,000. Barclays PLC grew its position in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after purchasing an additional 32,435 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Oshkosh by 57.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock valued at $2,023,000 after purchasing an additional 7,334 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its position in shares of Oshkosh by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock worth $14,144,000 after buying an additional 4,680 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Company Profile

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.