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

Shares of Oshkosh Co. (NYSE:OSK - Get Free Report) have been given an average rating of "Moderate Buy" by the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $126.23.

A number of analysts have commented on OSK shares. UBS Group boosted their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. KeyCorp upped their target price on shares of Oshkosh from $113.00 to $132.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Evercore ISI boosted their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday. Robert W. Baird dropped their target price on Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, Citigroup decreased their price target on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, January 14th.

Oshkosh Stock Down 6.5 %

Shares of NYSE OSK traded down $7.12 during trading on Friday, hitting $103.18. 802,826 shares of the company traded hands, compared to its average volume of 747,480. 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 business's fifty day moving average is $99.89 and its 200 day moving average is $103.04. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.45 and a beta of 1.23. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly 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 return on equity of 19.31% and a net margin of 6.34%. Equities research analysts predict that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates lifted its stake in Oshkosh by 2.0% in the third quarter. Raymond James & Associates now owns 77,269 shares of the company's stock valued at $7,743,000 after purchasing an additional 1,537 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Oshkosh by 3.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 23,412 shares of the company's stock worth $2,346,000 after acquiring an additional 797 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in Oshkosh by 34.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,904 shares of the company's stock valued at $291,000 after acquiring an additional 737 shares during the period. International Assets Investment Management LLC lifted its holdings in Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock valued at $90,000 after purchasing an additional 893 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Oshkosh by 3,329.3% during the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company's stock worth $24,073,000 after purchasing an additional 233,218 shares during the period. 92.36% of the stock is owned by 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.