Oshkosh (NYSE:OSK) Given New $109.00 Price Target at Truist Financial

Oshkosh (NYSE:OSK) had its target price trimmed by Truist Financial from $116.00 to $109.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a hold rating on the stock.

OSK has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” 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 for the company in a research note on Thursday, October 31st. Citigroup lowered their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, UBS Group reduced their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $121.77.

Oshkosh Stock Up 1.1 %

Shares of NYSE:OSK opened at $95.55 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $101.77 and a 200-day simple moving average of $103.44. The company has a market capitalization of $6.22 billion, a PE ratio of 9.28, a P/E/G ratio of 0.94 and a beta of 1.21. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98.

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

Oshkosh Announces Dividend

The firm 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. This represents a $1.84 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC lifted its stake in shares of Oshkosh by 7.3% in the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after purchasing an additional 127 shares during the period. Carolina Wealth Advisors LLC lifted its position in shares of Oshkosh by 2.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after acquiring an additional 146 shares during the period. KBC Group NV boosted its stake in shares of 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 acquiring an additional 220 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh in the 3rd quarter worth approximately $25,000. Finally, Greenwich Wealth Management LLC increased its stake in Oshkosh by 0.5% in the 3rd quarter. Greenwich Wealth Management LLC now owns 49,593 shares of the company’s stock valued at $4,970,000 after purchasing an additional 253 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

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.