Oshkosh Corp (OSK) Receives $93.92 Consensus Price Target from Brokerages

Shares of Oshkosh Corp (NYSE:OSK) have been given an average recommendation of “Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $93.92.

A number of research analysts have recently weighed in on the company. ValuEngine upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Friday. SunTrust Banks restated a “buy” rating on shares of Oshkosh in a research note on Friday, January 26th. KeyCorp restated a “buy” rating and issued a $104.00 target price on shares of Oshkosh in a research note on Friday, January 26th. Stifel Nicolaus boosted their target price on Oshkosh from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Jefferies Group boosted their target price on Oshkosh from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st.

In other Oshkosh news, SVP Bradley M. Nelson sold 7,500 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.86, for a total value of $628,950.00. Following the completion of the sale, the senior vice president now owns 18,908 shares of the company’s stock, valued at $1,585,624.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Duncan Palmer sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $91.93, for a total value of $137,895.00. Following the completion of the sale, the director now directly owns 23,095 shares of the company’s stock, valued at approximately $2,123,123.35. The disclosure for this sale can be found here. Insiders sold 108,455 shares of company stock worth $9,373,417 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Several large investors have recently made changes to their positions in OSK. JPMorgan Chase & Co. lifted its position in shares of Oshkosh by 18.4% in the third quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock worth $226,765,000 after buying an additional 426,359 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Oshkosh in the fourth quarter worth about $31,006,000. Macquarie Group Ltd. lifted its position in shares of Oshkosh by 999.8% in the second quarter. Macquarie Group Ltd. now owns 313,099 shares of the company’s stock worth $21,566,000 after buying an additional 284,631 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Oshkosh in the second quarter worth about $264,000. Finally, Principal Financial Group Inc. lifted its position in shares of Oshkosh by 30.2% in the third quarter. Principal Financial Group Inc. now owns 772,858 shares of the company’s stock worth $63,792,000 after buying an additional 179,180 shares during the last quarter. 94.25% of the stock is owned by institutional investors.

Shares of Oshkosh (NYSE OSK) traded up $0.89 during mid-day trading on Friday, hitting $85.14. The stock had a trading volume of 1,581,386 shares, compared to its average volume of 820,323. Oshkosh has a twelve month low of $61.74 and a twelve month high of $100.26. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $6,525.87, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 1.14 and a beta of 1.53.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.29. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. Oshkosh’s revenue for the quarter was up 31.0% compared to the same quarter last year. analysts anticipate that Oshkosh will post 5.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be paid a $0.24 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.13%. Oshkosh’s dividend payout ratio (DPR) is currently 22.64%.

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About Oshkosh

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

Analyst Recommendations for Oshkosh (NYSE:OSK)

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