Oshkosh (NYSE:OSK) Upgraded to “Buy” at Wall Street Zen

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

OSK has been the topic of several other research reports. Weiss Ratings raised Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Robert W. Baird upped their price target on Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial increased their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Zacks Research cut shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Finally, Sanford C. Bernstein set a $138.00 target price on shares of Oshkosh in a report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and an average price target of $171.33.

Oshkosh Trading Down 0.1%

Shares of Oshkosh stock opened at $142.78 on Friday. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.72. The company has a market capitalization of $8.82 billion, a P/E ratio of 16.34, a P/E/G ratio of 0.87 and a beta of 1.23. The company has a fifty day moving average of $140.88 and a 200 day moving average of $148.10.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.63 by $0.24. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the business earned $3.41 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, sell-side analysts anticipate that Oshkosh will post 10.54 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. Oshkosh’s dividend payout ratio is presently 26.09%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wedge Capital Management L L P NC increased its position in Oshkosh by 31.1% in the second quarter. Wedge Capital Management L L P NC now owns 100,875 shares of the company’s stock worth $15,482,000 after purchasing an additional 23,929 shares during the last quarter. Annex Advisory Services LLC lifted its position in Oshkosh by 2.8% during the second quarter. Annex Advisory Services LLC now owns 2,967 shares of the company’s stock valued at $455,000 after purchasing an additional 80 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Oshkosh by 12.6% in the 2nd quarter. Wasatch Advisors LP now owns 293,645 shares of the company’s stock worth $45,069,000 after buying an additional 32,959 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Oshkosh in the 2nd quarter worth $256,000. Finally, Polianta Ltd bought a new stake in shares of Oshkosh in the 2nd quarter worth about $2,010,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

About Oshkosh

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.