Oshkosh (NYSE:OSK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Oshkosh (NYSE:OSK - Free Report) had its target price boosted by JPMorgan Chase & Co. from $115.00 to $127.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the company. Raymond James lifted their price target on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday. Robert W. Baird cut their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Truist Financial raised their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research report on Friday. Citigroup cut their target price on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, KeyCorp raised their price target on Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research report on Friday. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.00.

Oshkosh Stock Performance

Oshkosh stock traded down $1.43 during trading on Friday, hitting $111.42. The stock had a trading volume of 930,321 shares, compared to its average volume of 755,405. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock's 50 day moving average is $99.75 and its two-hundred day moving average is $102.98. Oshkosh has a 1 year low of $89.08 and a 1 year high of $127.98. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 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%. As a group, analysts predict that Oshkosh will post 11 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio is 17.78%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OSK. Blue Trust Inc. increased its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after buying an additional 138 shares in the last quarter. Carolina Wealth Advisors LLC increased its holdings 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 valued at $576,000 after purchasing an additional 146 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Oshkosh by 4.0% during the 4th quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock valued at $373,000 after acquiring an additional 152 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after buying an additional 157 shares during the period. Finally, Manchester Capital Management LLC raised its position in shares of Oshkosh by 11.1% during the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company's stock worth $204,000 after purchasing an additional 214 shares during the last quarter. 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.