Analysts Set Oshkosh Co. (NYSE:OSK) Price Target at $125.29

Oshkosh Co. (NYSE:OSK) has earned a consensus rating of “Hold” from the fourteen research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $125.29.

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Raymond James began coverage on shares of Oshkosh in a research note on Friday, June 28th. They set an “outperform” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Jefferies Financial Group lowered their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Finally, Evercore ISI cut their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Oshkosh Stock Up 1.9 %

Shares of NYSE:OSK opened at $106.19 on Friday. Oshkosh has a 12-month low of $86.10 and a 12-month high of $127.98. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $102.55 and its 200-day moving average price is $108.29. The stock has a market capitalization of $6.91 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the firm earned $2.69 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities analysts anticipate that Oshkosh will post 11.33 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is 17.79%.

Hedge Funds Weigh In On Oshkosh

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after purchasing an additional 718,122 shares in the last quarter. Greenhaven Associates Inc. raised its holdings in Oshkosh by 0.8% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after acquiring an additional 19,442 shares during the last quarter. LSV Asset Management boosted its stake in Oshkosh by 5.5% during the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after purchasing an additional 102,330 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after purchasing an additional 78,235 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after purchasing an additional 235,496 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Oshkosh

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.