Brokerages Set Oshkosh Co. (NYSE:OSK) Target Price at $123.14

Oshkosh Co. (NYSE:OSK - Get Free Report) has earned an average rating of "Hold" from the fourteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $123.14.

A number of research firms have recently commented on OSK. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Evercore ISI dropped their target price on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Truist Financial decreased their price target on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th.

Oshkosh Price Performance

Oshkosh stock traded down $5.25 during trading hours on Friday, reaching $106.63. 1,756,418 shares of the stock were exchanged, compared to its average volume of 403,181. The stock has a 50 day moving average of $107.14 and a two-hundred day moving average of $106.36. The company has a market cap of $6.94 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.19. 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 twelve month low of $93.34 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (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. Equities analysts expect that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.73%. Oshkosh's payout ratio is 17.86%.

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers grew its stake in Oshkosh by 772.9% during the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company's stock worth $3,418,000 after purchasing an additional 24,269 shares during the period. CWM LLC grew its position in shares of Oshkosh by 36.2% during the 2nd quarter. CWM LLC now owns 5,644 shares of the company's stock worth $611,000 after buying an additional 1,500 shares during the period. SG Americas Securities LLC bought a new stake in shares of Oshkosh in the 2nd quarter valued at $1,500,000. M&G Plc lifted its position in shares of Oshkosh by 6.5% during the 2nd quarter. M&G Plc now owns 128,646 shares of the company's stock valued at $13,894,000 after acquiring an additional 7,832 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Oshkosh by 5.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,104 shares of the company's stock worth $1,201,000 after acquiring an additional 532 shares in the last quarter. 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.