Truist Financial Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its price target upped by stock analysts at Truist Financial from $176.00 to $190.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 31.07% from the stock’s previous close.

Several other analysts have also recently commented on the company. Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Morgan Stanley decreased their price objective on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Sanford C. Bernstein set a $138.00 target price on shares of Oshkosh in a research note on Thursday, April 9th. Evercore reaffirmed an “outperform” rating and set a $181.00 target price on shares of Oshkosh in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.60.

Oshkosh Trading Down 5.6%

Shares of Oshkosh stock opened at $144.96 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. Oshkosh has a twelve month low of $116.77 and a twelve month high of $180.49. The firm has a market capitalization of $9.04 billion, a PE ratio of 16.14, a P/E/G ratio of 0.75 and a beta of 1.23. The firm’s 50-day moving average price is $138.07 and its 200 day moving average price is $146.19.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.19). The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.Oshkosh’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 earnings per share. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, sell-side analysts predict that Oshkosh will post 11.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the transaction, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Redwood Investment Management LLC purchased a new position in shares of Oshkosh during the 1st quarter worth $1,068,000. Ballast Advisors LLC purchased a new stake in shares of Oshkosh in the first quarter valued at about $74,000. Glenmede Trust Co. NA purchased a new stake in shares of Oshkosh in the first quarter valued at about $285,000. Groupama Asset Managment increased its position in Oshkosh by 4.2% during the first quarter. Groupama Asset Managment now owns 5,636 shares of the company’s stock worth $830,000 after purchasing an additional 227 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Oshkosh by 0.9% during the first quarter. Bank of America Corp DE now owns 978,610 shares of the company’s stock worth $144,061,000 after purchasing an additional 8,531 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.