Oshkosh (NYSE:OSK - Free Report) had its price target decreased by Citigroup from $130.00 to $95.00 in a research report sent to investors on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the stock.
Several other brokerages have also recently weighed in on OSK. Raymond James lifted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Bank of America lifted their target price on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group reduced their price target on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. UBS Group lowered their price objective on Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Oshkosh from $127.00 to $117.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $117.38.
Check Out Our Latest Stock Analysis on OSK
Oshkosh Stock Performance
Shares of OSK stock traded up $1.45 on Tuesday, reaching $85.94. The stock had a trading volume of 764,892 shares, compared to its average volume of 588,841. The stock has a market cap of $5.55 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. 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 1 year low of $76.82 and a 1 year high of $125.00. The company has a 50 day simple moving average of $98.14 and a 200 day simple moving average of $101.06.
Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Equities research analysts expect that Oshkosh will post 10.96 EPS for the current year.
Oshkosh Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.37%. Oshkosh's dividend payout ratio is currently 19.71%.
Institutional Trading of Oshkosh
Several hedge funds have recently bought and sold shares of OSK. Integrated Wealth Concepts LLC bought a new stake in shares of Oshkosh in the third quarter worth about $498,000. Wellington Management Group LLP grew its holdings in Oshkosh by 10.5% during the 3rd quarter. Wellington Management Group LLP now owns 17,477 shares of the company's stock valued at $1,751,000 after buying an additional 1,665 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock worth $2,023,000 after acquiring an additional 7,334 shares during the last quarter. Groupama Asset Managment purchased a new stake in shares of Oshkosh during the 3rd quarter worth approximately $391,000. Finally, Barclays PLC boosted its position in shares of Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after acquiring an additional 32,435 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.
Oshkosh Company Profile
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Get Free Report)
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.
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