Oshkosh (NYSE:OSK – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.
A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. lowered their price target on Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Sanford C. Bernstein set a $138.00 price objective on Oshkosh in a research note on Thursday, April 9th. Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $180.00 to $170.00 in a research note on Monday, April 13th. Finally, Robert W. Baird dropped their target price on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and an average target price of $168.60.
Read Our Latest Stock Analysis on Oshkosh
Oshkosh Trading Up 2.0%
Oshkosh (NYSE:OSK – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.19). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the firm posted $1.92 earnings per share. Oshkosh’s quarterly revenue was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, sell-side analysts predict that Oshkosh will post 10.87 EPS for the current fiscal year.
Insider Buying and Selling at Oshkosh
In other news, Director Duncan Palmer sold 505 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the sale, the director directly owned 39,684 shares in the company, valued at $5,312,100.24. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Oshkosh
A number of institutional investors have recently added to or reduced their stakes in OSK. Dimensional Fund Advisors LP boosted its stake in Oshkosh by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock worth $449,166,000 after buying an additional 46,306 shares during the last quarter. LSV Asset Management grew its holdings in Oshkosh by 0.9% in the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock valued at $240,427,000 after buying an additional 17,944 shares in the last quarter. Invesco Ltd. increased its stake in shares of Oshkosh by 20.4% in the 4th quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after acquiring an additional 300,766 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Oshkosh by 25.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after acquiring an additional 345,782 shares during the last quarter. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Oshkosh during the 4th quarter worth $175,882,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.
About Oshkosh
Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.
Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.
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