Oshkosh Corporation (NYSE:OSK) Receives Average Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Oshkosh Corporation (NYSE:OSK – Get Free Report) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $138.0833.

Several equities research analysts have weighed in on the company. Wall Street Zen raised Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup reissued a “buy” rating and issued a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Jefferies Financial Group reissued a “hold” rating on shares of Oshkosh in a report on Friday, June 6th. The Goldman Sachs Group raised Oshkosh from a “neutral” rating to a “buy” rating and raised their price target for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. Finally, DA Davidson set a $160.00 price target on Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th.

View Our Latest Stock Report on Oshkosh

Oshkosh Price Performance

Shares of OSK stock opened at $136.15 on Tuesday. Oshkosh has a 1-year low of $76.82 and a 1-year high of $144.30. The stock’s 50-day moving average is $133.85 and its 200 day moving average is $110.61. The company has a market cap of $8.71 billion, a P/E ratio of 13.67, a PEG ratio of 1.70 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92.

Oshkosh (NYSE:OSK – Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company earned $3.34 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Research analysts predict that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh’s dividend payout ratio (DPR) is presently 20.48%.

Insider Activity

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the transaction, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the transaction, the chief marketing officer owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. ProShare Advisors LLC increased its holdings in shares of Oshkosh by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock valued at $324,000 after acquiring an additional 87 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Oshkosh by 6.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Oshkosh by 21.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after buying an additional 106 shares during the last quarter. Whittier Trust Co. grew its stake in Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after buying an additional 114 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in Oshkosh by 3.9% during the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company’s stock worth $310,000 after purchasing an additional 122 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

About Oshkosh

(Get Free Report)

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.

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