Oshkosh (NYSE:OSK) Price Target Raised to $110.00

Oshkosh (NYSE:OSK) had its price target boosted by Bank of America from $95.00 to $110.00 in a report published on Monday,Benzinga reports. They currently have an underperform rating on the stock.

Several other equities research analysts also recently commented on the company. Citigroup dropped their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Raymond James boosted their target price on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price target on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, KeyCorp boosted their price target on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.85.

Oshkosh Trading Down 2.9 %

NYSE OSK opened at $107.95 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The firm has a market capitalization of $7.02 billion, a PE ratio of 10.43, a P/E/G ratio of 1.89 and a beta of 1.23. The stock’s 50 day moving average is $99.40 and its 200 day moving average is $103.00.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Research analysts forecast that Oshkosh will post 10.95 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is 17.78%.

Institutional Trading of Oshkosh

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its position in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC increased its position in Oshkosh by 2.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock worth $576,000 after buying an additional 146 shares in the last quarter. Private Advisor Group LLC increased its position in Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company’s stock worth $373,000 after buying an additional 152 shares in the last quarter. V Square Quantitative Management LLC increased its position in Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after buying an additional 157 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in Oshkosh by 11.1% in the fourth quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock worth $204,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.