Oshkosh (NYSE:OSK) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Oshkosh (NYSE:OSK) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other equities research analysts also recently issued reports on OSK. Robert W. Baird increased their price target on shares of Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Citigroup lowered their price target on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th. KeyCorp increased their price target on shares of Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Finally, UBS Group set a $164.00 price target on shares of Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $145.17.

Oshkosh Price Performance

NYSE OSK opened at $123.38 on Friday. The company has a market cap of $7.90 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.47. Oshkosh has a 52 week low of $76.82 and a 52 week high of $144.30. The company has a quick ratio of 0.92, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $134.29 and its two-hundred day simple moving average is $119.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.12 by $0.08. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.84 billion. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.93 earnings per share. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Research analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 17th. Oshkosh’s dividend payout ratio (DPR) is presently 19.90%.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer owned 10,459 shares in the company, valued at $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Poinciana Advisors Group LLC bought a new position in Oshkosh during the third quarter valued at approximately $203,000. Retirement Systems of Alabama grew its holdings in shares of Oshkosh by 19.4% in the third quarter. Retirement Systems of Alabama now owns 115,880 shares of the company’s stock worth $15,030,000 after purchasing an additional 18,801 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Oshkosh in the third quarter worth approximately $2,238,000. GHP Investment Advisors Inc. grew its holdings in shares of Oshkosh by 5.5% in the third quarter. GHP Investment Advisors Inc. now owns 42,408 shares of the company’s stock worth $5,500,000 after purchasing an additional 2,212 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Oshkosh by 729.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,574 shares of the company’s stock worth $2,020,000 after purchasing an additional 13,696 shares during the last quarter. 92.36% of the stock is currently owned by 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.