Oshkosh (NYSE:OSK) Price Target Increased to $158.00 by Analysts at Robert W. Baird

Oshkosh (NYSE:OSK) had its price target lifted by Robert W. Baird from $140.00 to $158.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Truist Financial began coverage on shares of Oshkosh in a research report on Thursday, March 14th. They issued a hold rating and a $121.00 price target for the company. DA Davidson upgraded shares of Oshkosh from a neutral rating to a buy rating and upped their price target for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. The Goldman Sachs Group upped their price target on shares of Oshkosh from $104.00 to $116.00 and gave the stock a neutral rating in a research report on Wednesday, January 31st. Evercore ISI upped their price target on shares of Oshkosh from $122.00 to $124.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley began coverage on shares of Oshkosh in a research report on Monday, January 8th. They issued an equal weight rating and a $102.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $123.50.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $117.66 on Friday. The firm has a 50 day moving average of $117.49 and a 200 day moving average of $107.07. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. Oshkosh has a 12-month low of $72.09 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 earnings per share. On average, research analysts anticipate that Oshkosh will post 11.25 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, May 10th. Oshkosh’s payout ratio is 17.61%.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the sale, the senior vice president now owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Oshkosh

A number of hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors LLC increased its position in Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. Rise Advisors LLC increased its position in Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. Venturi Wealth Management LLC increased its position in Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after acquiring an additional 111 shares during the last quarter. BluePath Capital Management LLC bought a new position in Oshkosh during the third quarter valued at $32,000. Finally, GAMMA Investing LLC bought a new position in Oshkosh during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.