Oshkosh (NYSE:OSK) Price Target Raised to $132.00 at Truist Financial

Oshkosh (NYSE:OSK) had its target price hoisted by Truist Financial from $121.00 to $132.00 in a report published on Friday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com raised shares of Oshkosh from a hold rating to a buy rating in a research report on Monday, April 8th. Citigroup boosted their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. The Goldman Sachs Group lifted their price target on shares of Oshkosh from $104.00 to $116.00 and gave the stock a neutral rating in a research note on Wednesday, January 31st. TheStreet upgraded shares of Oshkosh from a c rating to a b- rating in a research note on Tuesday, January 30th. Finally, Evercore ISI lifted their target price on Oshkosh from $122.00 to $124.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $123.50.

Oshkosh Stock Down 0.9 %

Shares of NYSE:OSK opened at $117.58 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $117.49 and its 200 day moving average is $107.07. The stock has a market cap of $7.71 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. Oshkosh has a 52-week low of $72.09 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 EPS. Sell-side analysts predict that Oshkosh will post 11.25 EPS for the current year.

Oshkosh Dividend Announcement

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

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares in the company, valued at approximately $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently made changes to their positions in the stock. Atlas Capital Advisors LLC lifted its stake in Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of Oshkosh in the 3rd quarter worth about $32,000. Rise Advisors LLC boosted its holdings in shares of Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after buying an additional 181 shares during the period. Venturi Wealth Management LLC grew its position in shares of Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after buying an additional 111 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Oshkosh during the fourth quarter worth about $42,000. 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.