UBS Group Lowers Oshkosh (NYSE:OSK) Price Target to $125.00

Oshkosh (NYSE:OSK) had its price objective decreased by UBS Group from $129.00 to $125.00 in a report issued on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on OSK. Truist Financial lowered their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Evercore ISI dropped their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $122.86.

Oshkosh Trading Down 1.4 %

NYSE:OSK opened at $101.41 on Thursday. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.01 and a beta of 1.19. Oshkosh has a 1-year low of $93.34 and a 1-year high of $127.98. The business’s 50-day moving average price is $107.38 and its two-hundred day moving average price is $106.06. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. On average, equities analysts expect that Oshkosh will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.81%. Oshkosh’s dividend payout ratio is currently 17.86%.

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in Oshkosh in the 3rd quarter worth about $25,000. Brooklyn Investment Group acquired a new stake in Oshkosh during the 3rd quarter worth approximately $34,000. Eagle Bay Advisors LLC increased its position in Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after acquiring an additional 564 shares during the period. International Assets Investment Management LLC raised its stake in shares of Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after acquiring an additional 893 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.