Oshkosh (NYSE:OSK) Stock Price Expected to Rise, UBS Group Analyst Says

Oshkosh (NYSE:OSK - Free Report) had its price objective hoisted by UBS Group from $125.00 to $137.00 in a report issued on Monday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on OSK. KeyCorp raised their price target on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Raymond James raised their price objective on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Morgan Stanley lifted their price target on shares of Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research report on Monday. Robert W. Baird lowered 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, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.00.

Oshkosh Stock Up 0.8 %

OSK stock traded up $0.86 during midday trading on Monday, reaching $111.54. The company had a trading volume of 616,845 shares, compared to its average volume of 763,979. The company has a 50 day moving average of $99.67 and a two-hundred day moving average of $103.06. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh has a 1 year low of $89.08 and a 1 year high of $127.98. The company has a market capitalization of $7.26 billion, a P/E ratio of 10.78, a PEG ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results 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 return on equity of 19.31% and a net margin of 6.34%. On average, equities research analysts expect that Oshkosh will post 11 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a dividend of $0.51 per share. This is an increase from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh's dividend payout ratio (DPR) is currently 17.78%.

Institutional Investors Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently made changes to their positions in OSK. JPMorgan Chase & Co. raised its stake in Oshkosh by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after buying an additional 28,478 shares during the period. Virtu Financial LLC acquired a new stake in Oshkosh in the 3rd quarter valued at $504,000. Barclays PLC boosted its position in Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after purchasing an additional 32,435 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Oshkosh by 57.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock worth $2,023,000 after buying an additional 7,334 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its position in Oshkosh by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock worth $14,144,000 after acquiring an additional 4,680 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.