Oshkosh (NYSE:OSK) Price Target Raised to $106.00

Oshkosh (NYSE:OSK) had its target price upped by JPMorgan Chase & Co. from $92.00 to $106.00 in a research report report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently issued reports on OSK. The Goldman Sachs Group lowered their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Bank of America upped their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. DA Davidson reduced their price objective on Oshkosh from $120.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. KeyCorp decreased their target price on Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird reduced their target price on Oshkosh from $163.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh has an average rating of “Hold” and a consensus target price of $120.29.

Oshkosh Stock Performance

OSK opened at $109.42 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $92.27 and its 200-day moving average is $97.85. The stock has a market cap of $7.04 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. Oshkosh has a twelve month low of $76.82 and a twelve month high of $118.39.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the firm earned $2.89 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. On average, analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Friday, May 16th. Oshkosh’s dividend payout ratio is currently 21.79%.

Institutional Trading of Oshkosh

Several hedge funds and other institutional investors have recently modified their holdings of the company. Semanteon Capital Management LP raised its stake in shares of Oshkosh by 29.1% during the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock worth $1,409,000 after purchasing an additional 3,342 shares in the last quarter. Entropy Technologies LP lifted its stake in shares of Oshkosh by 29.0% in the fourth quarter. Entropy Technologies LP now owns 20,018 shares of the company’s stock worth $1,903,000 after buying an additional 4,498 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Oshkosh by 181.7% during the 4th quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company’s stock worth $2,035,000 after buying an additional 13,815 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh in the 4th quarter valued at $23,285,000. Finally, Advisors Asset Management Inc. raised its holdings in Oshkosh by 9.7% in the 4th quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company’s stock worth $5,226,000 after acquiring an additional 4,846 shares during the period. 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.