Oshkosh Co. (NYSE:OSK) Receives $123.50 Consensus Target Price from Analysts

Oshkosh Co. (NYSE:OSK) has earned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $123.50.

A number of equities analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Citigroup lifted their price target on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Stifel Nicolaus lifted their price target on Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, UBS Group boosted their target price on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd.

Insider Activity

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 value of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OSK. LSV Asset Management grew its stake in shares of Oshkosh by 410.6% during the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock valued at $200,384,000 after buying an additional 1,486,402 shares during the last quarter. Norges Bank purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $83,524,000. Assenagon Asset Management S.A. increased its position in shares of Oshkosh by 1,374.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock valued at $27,877,000 after acquiring an additional 239,707 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Oshkosh during the fourth quarter valued at approximately $23,926,000. Finally, Vanguard Group Inc. grew its position in Oshkosh by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock worth $773,014,000 after purchasing an additional 219,375 shares during the period. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Performance

Shares of OSK opened at $112.81 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The stock has a 50-day moving average of $117.76 and a 200-day moving average of $107.54. The company has a market cap of $7.38 billion, a PE ratio of 10.80, a P/E/G ratio of 1.25 and a beta of 1.29. Oshkosh has a one year low of $72.09 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, April 25th. The company reported $2.89 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 the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.59 EPS. On average, equities research analysts predict that Oshkosh will post 11.11 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. Oshkosh’s payout ratio is 17.61%.

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.