Oshkosh (NYSE:OSK) Upgraded at Wall Street Zen

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

Other analysts have also recently issued research reports about the stock. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a research note on Tuesday, August 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Robert W. Baird boosted their price target on shares of Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Citigroup decreased their price target on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.17.

Oshkosh Price Performance

NYSE OSK opened at $121.17 on Friday. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.57 and a beta of 1.47. The company has a current ratio of 1.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. Oshkosh has a 12 month low of $76.82 and a 12 month high of $144.30. The company’s 50 day moving average is $133.86 and its two-hundred day moving average is $120.49.

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

Oshkosh Announces Dividend

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

Insiders Place Their Bets

In related news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction dated 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 approximately $1,906,935.48. This represents a 22.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the company’s stock in a transaction dated 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. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in Oshkosh during the 3rd quarter valued at about $26,000. Blue Trust Inc. grew its holdings in Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after purchasing an additional 114 shares during the last quarter. Finally, Quent Capital LLC bought a new position in shares of Oshkosh in the third quarter worth about $35,000. 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.