Oshkosh (NYSE:OSK) Stock Price Expected to Rise, Bank of America Analyst Says

Oshkosh (NYSE:OSK - Free Report) had its target price upped by Bank of America from $95.00 to $110.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an underperform rating on the stock.

A number of other equities analysts have also commented on OSK. Morgan Stanley increased their price target on Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. KeyCorp increased their price target on Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Raymond James increased their price target on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Oshkosh from $115.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, UBS Group increased their price target on Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.85.

Oshkosh Price Performance

Shares of NYSE OSK traded up $0.66 during mid-day trading on Monday, reaching $108.55. The company's stock had a trading volume of 573,699 shares, compared to its average volume of 759,679. The firm has a market capitalization of $7.06 billion, a PE ratio of 10.49, a P/E/G ratio of 1.89 and a beta of 1.23. 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 has a fifty day moving average of $99.33 and a two-hundred day moving average of $103.04. Oshkosh has a 52 week low of $89.08 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, sell-side analysts anticipate that Oshkosh will post 10.95 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.88%. This is an increase from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. Oshkosh's dividend payout ratio is presently 17.78%.

Institutional Investors Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently modified their holdings of OSK. V Square Quantitative Management LLC purchased a new position in Oshkosh during the 3rd quarter worth $25,000. Blue Trust Inc. increased its holdings in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the period. Hager Investment Management Services LLC purchased a new position in Oshkosh during the 4th quarter worth $32,000. Brooklyn Investment Group purchased a new position in Oshkosh during the 3rd quarter worth $34,000. Finally, Twin Tree Management LP purchased a new position in Oshkosh during the 4th quarter worth $41,000. 92.36% of the stock is currently owned by hedge funds and other 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.