Brokerages Set Oshkosh Corporation (NYSE:OSK) Target Price at $171.33
by Danessa Lincoln · The Markets DailyShares of Oshkosh Corporation (NYSE:OSK – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $171.3333.
Several equities analysts have issued reports on OSK shares. Morgan Stanley decreased their price target on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research lowered Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Evercore reissued an “outperform” rating and issued a $181.00 price target on shares of Oshkosh in a report on Monday, May 11th. Finally, Barclays raised their target price on shares of Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday.
Oshkosh Stock Up 0.3%
NYSE:OSK opened at $142.78 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $140.88 and its two-hundred day moving average price is $148.09. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.25. Oshkosh has a twelve month low of $116.77 and a twelve month high of $180.49.
Oshkosh (NYSE:OSK – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share (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 during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm posted $3.41 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities research analysts expect that Oshkosh will post 10.54 earnings per share for the current fiscal year.
Oshkosh Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, August 13th. Oshkosh’s dividend payout ratio (DPR) is presently 26.09%.
Insider Activity
In other news, Director Duncan Palmer sold 505 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the sale, the director owned 39,684 shares in the company, valued at $5,312,100.24. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.
Institutional Investors Weigh In On Oshkosh
Hedge funds and other institutional investors have recently made changes to their positions in the business. Southpoint Capital Advisors LP bought a new stake in Oshkosh during the 4th quarter worth approximately $175,882,000. Norges Bank purchased a new position in Oshkosh during the 4th quarter valued at $127,907,000. First Trust Advisors LP raised its stake in shares of Oshkosh by 408.7% during the fourth quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock valued at $152,490,000 after acquiring an additional 975,206 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Oshkosh by 908.0% in the third quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock valued at $118,481,000 after acquiring an additional 822,874 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in Oshkosh by 143.9% in the fourth quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock valued at $149,896,000 after purchasing an additional 704,022 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.
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.
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