Oshkosh (NYSE:OSK – Free Report) had its target price lifted by Wells Fargo & Company from $114.00 to $122.00 in a report released on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.
OSK has been the subject of several other reports. Bank of America lifted their target price on Oshkosh from $75.00 to $89.00 in a research note on Wednesday, October 11th. StockNews.com cut Oshkosh from a buy rating to a hold rating in a research note on Saturday, January 27th. Evercore ISI raised Oshkosh from an in-line rating to an outperform rating and lifted their target price for the company from $115.00 to $122.00 in a research note on Monday, November 13th. Morgan Stanley assumed coverage on Oshkosh in a research note on Monday, January 8th. They issued an equal weight rating and a $102.00 target price for the company. Finally, Citigroup raised Oshkosh from a neutral rating to a buy rating and lifted their price objective for the stock from $110.00 to $115.00 in a research note on Friday, October 13th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $114.88.
Oshkosh Trading Up 0.6 %
Oshkosh (NYSE:OSK – Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.32. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. Analysts predict that Oshkosh will post 10.13 EPS for the current fiscal year.
Oshkosh Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 annualized dividend and a yield of 1.62%. Oshkosh’s payout ratio is currently 20.26%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. Private Advisor Group LLC bought a new position in Oshkosh during the first quarter worth about $404,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Oshkosh by 5.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company’s stock worth $2,457,000 after buying an additional 1,322 shares during the period. Cetera Investment Advisers acquired a new position in shares of Oshkosh during the first quarter worth about $222,000. Ergoteles LLC acquired a new position in shares of Oshkosh during the first quarter worth about $567,000. Finally, Pearl River Capital LLC boosted its position in shares of Oshkosh by 74.4% during the first quarter. Pearl River Capital LLC now owns 4,457 shares of the company’s stock worth $449,000 after buying an additional 1,902 shares during the period. 88.71% of the stock is currently owned by institutional investors.
Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. 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.
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