Oshkosh (NYSE:OSK) Given New $127.00 Price Target at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its target price raised by JPMorgan Chase & Co. from $115.00 to $127.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also weighed in on OSK. Truist Financial increased their price target on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday. Raymond James increased their target price on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group lowered their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Citigroup cut their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Robert W. Baird lowered their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $125.25.

Oshkosh Stock Up 2.7 %

Oshkosh stock opened at $116.30 on Friday. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The stock’s fifty day moving average is $99.78 and its two-hundred day moving average is $103.08.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Analysts predict that Oshkosh will post 11.34 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.75%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh during the 4th quarter worth $23,285,000. Assenagon Asset Management S.A. increased its holdings in Oshkosh by 3,329.3% in the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after buying an additional 233,218 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Oshkosh by 154.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock worth $16,044,000 after buying an additional 97,282 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of Oshkosh by 704.3% in the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after acquiring an additional 59,566 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Oshkosh during the 3rd quarter valued at approximately $5,375,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Company Profile

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.