Oshkosh (NYSE:OSK) Upgraded to Overweight at KeyCorp

KeyCorp upgraded shares of Oshkosh (NYSE:OSK) from a sector weight rating to an overweight rating in a research note released on Friday, Marketbeat.com reports. The brokerage currently has $113.00 price objective on the stock.

OSK has been the topic of a number of other research reports. UBS Group lowered their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Citigroup cut their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Truist Financial reduced their target price on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their price target on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $121.14.

Oshkosh Stock Performance

Shares of OSK stock opened at $97.48 on Friday. The firm has a market cap of $6.34 billion, a P/E ratio of 9.46, a PEG ratio of 1.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The stock’s 50-day moving average is $100.33 and its two-hundred day moving average is $103.16.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Analysts predict that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.89%. Oshkosh’s payout ratio is 17.86%.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. Trust Point Inc. boosted its stake in shares of Oshkosh by 114.1% in the 4th quarter. Trust Point Inc. now owns 4,972 shares of the company’s stock valued at $473,000 after purchasing an additional 2,650 shares during the last quarter. Capital Insight Partners LLC grew its holdings in Oshkosh by 6.9% during the 4th quarter. Capital Insight Partners LLC now owns 4,428 shares of the company’s stock worth $421,000 after acquiring an additional 285 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Oshkosh during the 4th quarter valued at $114,000. New Wave Wealth Advisors LLC acquired a new position in shares of Oshkosh in the 4th quarter valued at $179,000. Finally, R Squared Ltd acquired a new stake in shares of Oshkosh during the fourth quarter worth $142,000. 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.