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

Oshkosh Co. (NYSE:OSK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirteen research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $124.38.

Several equities analysts have recently weighed in on the company. Citigroup lowered their price target on Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Morgan Stanley raised their target price on Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. KeyCorp upped their price target on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Truist Financial raised their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Finally, Evercore ISI upped their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th.

Institutional Trading of Oshkosh

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock valued at $19,632,000 after purchasing an additional 28,478 shares in the last quarter. Barclays PLC grew its stake in shares of Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after buying an additional 32,435 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Oshkosh in the 3rd quarter worth about $504,000. Y Intercept Hong Kong Ltd raised its position in shares of Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock valued at $2,023,000 after buying an additional 7,334 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in shares of Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock valued at $14,144,000 after acquiring an additional 4,680 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

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Oshkosh Stock Performance

Shares of NYSE:OSK traded down $1.93 during midday trading on Tuesday, reaching $95.75. 426,919 shares of the company's stock traded hands, compared to its average volume of 538,294. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh has a one year low of $89.08 and a one year high of $127.98. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 1.45 and a beta of 1.21. The stock has a 50 day moving average of $101.32 and a 200 day moving average of $102.40.

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, 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%. As a group, equities research analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a $0.51 dividend. This is an increase from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday, February 14th. Oshkosh's payout ratio is currently 19.71%.

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.