Oshkosh Co. (NYSE:OSK) Given Consensus Recommendation of "Hold" by Analysts

Shares of Oshkosh Co. (NYSE:OSK - Get Free Report) have received a consensus recommendation of "Hold" from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $123.14.

Several equities research analysts have issued reports on OSK shares. JPMorgan Chase & Co. raised their price target on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Evercore ISI decreased their price target on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. Robert W. Baird cut their price objective 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. Truist Financial reduced their price objective on Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a report on Wednesday, October 9th. Finally, Stifel Nicolaus dropped their price target on Oshkosh from $140.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, August 1st.

Institutional Investors Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently made changes to their positions in OSK. Swiss National Bank boosted its stake in shares of Oshkosh by 0.3% during the first quarter. Swiss National Bank now owns 129,100 shares of the company's stock valued at $16,100,000 after purchasing an additional 400 shares in the last quarter. Headlands Technologies LLC bought a new stake in Oshkosh during the 1st quarter worth approximately $31,000. US Bancorp DE increased its position in Oshkosh by 3.0% in the 1st quarter. US Bancorp DE now owns 4,522 shares of the company's stock valued at $564,000 after acquiring an additional 132 shares during the period. Entropy Technologies LP bought a new position in shares of Oshkosh during the first quarter valued at $685,000. Finally, Blair William & Co. IL lifted its holdings in shares of Oshkosh by 67.2% during the first quarter. Blair William & Co. IL now owns 16,963 shares of the company's stock worth $2,115,000 after purchasing an additional 6,815 shares during the period. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Down 0.7 %

Shares of NYSE:OSK traded down $0.80 during midday trading on Wednesday, hitting $110.42. The stock had a trading volume of 429,589 shares, compared to its average volume of 510,479. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $103.24 and its 200-day simple moving average is $107.10. Oshkosh has a 12 month low of $93.34 and a 12 month high of $127.98. The company has a market cap of $7.18 billion, a P/E ratio of 10.72, a PEG ratio of 1.09 and a beta of 1.18.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. On average, sell-side analysts forecast that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.67%. Oshkosh's payout ratio is 17.86%.

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.