Oshkosh (NYSE:OSK) Raised to Hold at Zacks Research

Oshkosh (NYSE:OSK) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on OSK. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Barclays began coverage on shares of Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price target for the company. Argus cut their price target on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Truist Financial set a $183.00 price objective on Oshkosh in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. boosted their target price on Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $164.69.

Oshkosh Price Performance

Shares of NYSE OSK traded down $5.38 during trading hours on Thursday, reaching $154.61. 654,996 shares of the stock traded hands, compared to its average volume of 764,990. The company’s 50-day simple moving average is $156.83 and its two-hundred day simple moving average is $140.13. The company has a market capitalization of $9.67 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 0.81 and a beta of 1.37. Oshkosh has a 52-week low of $76.82 and a 52-week high of $180.49. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the prior year, the company earned $2.58 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president directly owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in Oshkosh by 43.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after buying an additional 68,165 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Oshkosh by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock valued at $17,705,000 after acquiring an additional 14,122 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Oshkosh during the first quarter valued at approximately $567,000. Sivia Capital Partners LLC purchased a new stake in Oshkosh in the second quarter worth $325,000. Finally, Savant Capital LLC boosted its holdings in Oshkosh by 24.0% in the second quarter. Savant Capital LLC now owns 22,605 shares of the company’s stock valued at $2,567,000 after acquiring an additional 4,381 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Company Profile

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.