Oshkosh (NYSE:OSK) Price Target Lowered to $115.00 at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its price target decreased by JPMorgan Chase & Co. from $125.00 to $115.00 in a report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities analysts also recently commented on OSK. Robert W. Baird reduced their price objective on 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 lifted their price objective on Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Finally, UBS Group reduced their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $122.31.

Oshkosh Stock Up 1.3 %

Shares of OSK opened at $93.01 on Tuesday. The firm has a market cap of $6.05 billion, a P/E ratio of 9.03, a PEG ratio of 0.98 and a beta of 1.21. The stock’s 50 day moving average is $103.12 and its two-hundred day moving average is $103.77. Oshkosh has a 12 month low of $89.08 and a 12 month high of $127.98. 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 released its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Analysts predict that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.98%. Oshkosh’s payout ratio is presently 17.86%.

Institutional Investors Weigh In On Oshkosh

A number of institutional investors have recently modified their holdings of OSK. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh in the third quarter valued at $25,000. Brooklyn Investment Group acquired a new stake in shares of Oshkosh in the third quarter valued at $34,000. International Assets Investment Management LLC grew its stake in Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after purchasing an additional 893 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares in the last quarter. Finally, KBC Group NV grew its stake in Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after purchasing an additional 220 shares in the last quarter. 92.36% of the stock is 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.