Oshkosh (NYSE:OSK - Free Report) had its price objective cut by UBS Group from $137.00 to $97.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the stock.
OSK has been the topic of a number of other reports. Morgan Stanley lifted their price objective on Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Bank of America increased their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Evercore ISI raised their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Citigroup cut their price target on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, KeyCorp boosted their price objective on Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $117.38.
View Our Latest Analysis on Oshkosh
Oshkosh Stock Performance
Shares of OSK traded up $1.45 on Monday, reaching $85.94. The company's stock had a trading volume of 764,892 shares, compared to its average volume of 588,841. Oshkosh has a 12-month low of $76.82 and a 12-month high of $125.00. The stock has a market capitalization of $5.55 billion, a P/E ratio of 8.30, a PEG ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The stock's 50 day simple moving average is $98.14 and its two-hundred day simple moving average is $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 (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%. Research analysts forecast that Oshkosh will post 10.96 earnings per share for the current fiscal year.
Oshkosh Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.51 dividend. This is a boost from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh's dividend payout ratio (DPR) is presently 19.71%.
Institutional Trading of Oshkosh
Several hedge funds have recently made changes to their positions in OSK. Blue Trust Inc. raised its stake in shares of Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after acquiring an additional 138 shares during the period. Parallel Advisors LLC raised its position in Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares during the period. Coppell Advisory Solutions LLC lifted its stake in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after purchasing an additional 110 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $32,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock valued at $38,000 after buying an additional 157 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
About Oshkosh
(
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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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