Citigroup Lowers Oshkosh (NYSE:OSK) Price Target to $110.00

Oshkosh (NYSE:OSK - Free Report) had its price target lowered by Citigroup from $125.00 to $110.00 in a research note released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also commented on OSK. Truist Financial increased their price target on Oshkosh from $113.00 to $116.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. UBS Group lowered their price objective on shares of Oshkosh from $129.00 to $125.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Robert W. Baird dropped their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Oshkosh from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of "Hold" and a consensus price target of $122.31.

Oshkosh Stock Performance

Shares of Oshkosh stock traded up $1.22 during trading hours on Tuesday, reaching $93.01. The company had a trading volume of 522,963 shares, compared to its average volume of 626,933. The firm has a market cap of $6.05 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. Oshkosh has a one year low of $89.08 and a one year high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The business has a fifty day simple moving average of $103.12 and a 200 day simple moving average of $103.77.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating 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 business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.63 billion. On average, analysts anticipate that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.98%. Oshkosh's dividend payout ratio is currently 17.86%.

Institutional Trading of Oshkosh

Large investors have recently bought and sold shares of the business. Carolina Wealth Advisors LLC increased its stake in shares of Oshkosh by 2.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock worth $576,000 after purchasing an additional 146 shares during the last quarter. Covea Finance boosted its stake in shares of Oshkosh by 81.8% in the fourth quarter. Covea Finance now owns 30,000 shares of the company's stock valued at $2,852,000 after buying an additional 13,500 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Oshkosh by 29.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock worth $29,675,000 after purchasing an additional 71,911 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock valued at $19,632,000 after buying an additional 28,478 shares during the period. Finally, Franklin Resources Inc. acquired a new position in Oshkosh during the third quarter valued at approximately $532,000. 92.36% of the stock is owned by institutional investors.

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.