Oshkosh (NYSE:OSK - Free Report) had its price objective reduced by Truist Financial from $116.00 to $109.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a hold rating on the stock.
OSK has been the subject of several other reports. UBS Group lowered their price objective on Oshkosh from $129.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Citigroup lowered their price target on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Oshkosh from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Robert W. Baird lowered their target price 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $121.77.
Get Our Latest Research Report on Oshkosh
Oshkosh Stock Up 0.6 %
OSK stock traded up $0.52 during midday trading on Thursday, hitting $94.53. 334,405 shares of the company's stock were exchanged, compared to its average volume of 580,560. The firm has a 50 day moving average price of $102.45 and a 200-day moving average price of $103.59. Oshkosh has a 12-month low of $89.08 and a 12-month high of $127.98. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.
Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. On average, analysts anticipate that Oshkosh will post 11.35 EPS for the current year.
Oshkosh Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.95%. Oshkosh's payout ratio is currently 17.86%.
Hedge Funds Weigh In On Oshkosh
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSK. Assenagon Asset Management S.A. boosted its position in Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company's stock worth $24,073,000 after acquiring an additional 233,218 shares during the period. Renaissance Technologies LLC acquired a new stake in Oshkosh in the second quarter worth about $11,368,000. BNP Paribas Financial Markets grew its position in Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company's stock valued at $16,044,000 after buying an additional 97,282 shares in the last quarter. AQR Capital Management LLC increased its stake in Oshkosh by 15.9% during the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company's stock valued at $66,405,000 after buying an additional 85,698 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company's stock worth $196,370,000 after buying an additional 78,235 shares in the last quarter. 92.36% of the stock is owned by institutional investors.
About Oshkosh
(
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.
See Also
Before you consider Oshkosh, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oshkosh wasn't on the list.
While Oshkosh currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
