Oshkosh (NYSE:OSK) Price Target Raised to $116.00 at Truist Financial

Oshkosh (NYSE:OSK - Free Report) had its target price raised by Truist Financial from $113.00 to $116.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other analysts have also issued reports about the company. UBS Group lowered their price objective on Oshkosh from $129.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Robert W. Baird reduced their target price 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. boosted their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $123.00.

Oshkosh Price Performance

Shares of OSK stock traded down $1.08 during trading hours on Thursday, reaching $94.19. 916,863 shares of the company were exchanged, compared to its average volume of 518,135. Oshkosh has a fifty-two week low of $93.34 and a fifty-two week 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 stock's fifty day moving average is $107.07 and its two-hundred day moving average is $105.51. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 0.98 and a beta of 1.19.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Sell-side analysts forecast that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.95%. Oshkosh's dividend payout ratio is presently 17.86%.

Hedge Funds Weigh In On Oshkosh

Several institutional investors have recently modified their holdings of OSK. V Square Quantitative Management LLC bought a new position in Oshkosh during the 3rd quarter worth about $25,000. Brooklyn Investment Group bought a new position in shares of Oshkosh during the third quarter worth about $34,000. Eagle Bay Advisors LLC grew its holdings in shares of Oshkosh by 547.6% during the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock worth $72,000 after buying an additional 564 shares in the last quarter. International Assets Investment Management LLC raised its position in Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock valued at $90,000 after buying an additional 893 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company's stock worth $100,000 after acquiring an additional 262 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

About Oshkosh

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.