Oshkosh Corporation (NYSE:OSK) Stock Has Consensus Target Price of $164.50 According to Brokerages

Oshkosh Corporation (NYSE:OSK) has been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $163.79.

OSK has been the subject of a number of research analyst reports. Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. JPMorgan Chase & Co. upped their target price on Oshkosh from $132.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. Citigroup increased their price target on Oshkosh from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. Weiss Ratings lowered Oshkosh from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, November 9th. Finally, Robert W. Baird lifted their price objective on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th.

Oshkosh Trading Up 0.9%

OSK stock traded up $1.21 during mid-day trading on Friday, reaching $141.61. The company had a trading volume of 537,215 shares, compared to its average volume of 770,028. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 1.00. The company has a market capitalization of $8.63 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.27 and a beta of 1.27. The firm has a 50 day moving average of $136.97 and a 200 day moving average of $145.81. Oshkosh has a 12 month low of $116.77 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, October 29th. The company reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). Oshkosh had a return on equity of 11.69% and a net margin of 4.63%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business posted $3.20 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Oshkosh will post 8.83 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, November 16th. Oshkosh’s dividend payout ratio is presently 28.79%.

Insider Buying and Selling

In other Oshkosh news, Director John Pfeifer sold 778 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $150.00, for a total transaction of $116,700.00. Following the transaction, the director owned 150,669 shares of the company’s stock, valued at approximately $22,600,350. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Oshkosh in the second quarter worth approximately $913,816,000. Dimensional Fund Advisors LP lifted its holdings in Oshkosh by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock worth $449,166,000 after buying an additional 46,306 shares during the period. First Trust Advisors LP boosted its position in Oshkosh by 3.2% during the 3rd quarter. First Trust Advisors LP now owns 1,444,821 shares of the company’s stock valued at $186,122,000 after acquiring an additional 44,682 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Oshkosh by 0.9% in the 1st quarter. Bank of America Corp DE now owns 978,610 shares of the company’s stock valued at $144,061,000 after acquiring an additional 8,531 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Oshkosh in the 2nd quarter valued at $92,996,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Company Profile

Oshkosh Corporation is a manufacturer of specialty vehicles and equipment for customers in construction, emergency response, waste services, airports and defense. Its products include JLG aerial work platforms and telehandlers, fire and emergency vehicles, refuse collection trucks, concrete mixers, airport snow removal equipment and military vehicles. The company operates through Access, Vocational and Defense businesses, with well-known brands including JLG, Pierce, McNeilus and Oshkosh. Its equipment serves customers in the United States and international markets.