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

Shares of Oshkosh Co. (NYSE:OSK - Get Free Report) have been given a consensus rating of "Hold" by the fourteen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $123.00.

A number of brokerages recently issued reports on OSK. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Truist Financial boosted their target price on shares of Oshkosh from $113.00 to $116.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. UBS Group cut their price objective on shares of Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Finally, Robert W. Baird decreased their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st.

Oshkosh Trading Down 1.6 %

OSK traded down $1.50 during trading on Thursday, reaching $93.57. 401,643 shares of the company's stock were exchanged, compared to its average volume of 517,056. The firm has a fifty day moving average price of $105.19 and a two-hundred day moving average price of $104.56. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh has a one year low of $92.61 and a one year high of $127.98. The stock has a market capitalization of $6.09 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19.

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

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.97%. Oshkosh's payout ratio is 17.86%.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently made changes to their positions in OSK. American Century Companies Inc. boosted its holdings in shares of Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company's stock worth $155,235,000 after buying an additional 235,496 shares during the period. Assenagon Asset Management S.A. raised its position in shares of 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. Renaissance Technologies LLC bought a new position in Oshkosh during the second quarter worth $11,368,000. BNP Paribas Financial Markets lifted its holdings in shares of Oshkosh by 154.9% in the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company's stock worth $16,044,000 after acquiring an additional 97,282 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Oshkosh by 15.9% during the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company's stock valued at $66,405,000 after purchasing an additional 85,698 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

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.