Oshkosh (NYSE:OSK) Price Target Raised to $137.00

Oshkosh (NYSE:OSK) had its target price raised by Evercore ISI from $122.00 to $137.00 in a research report sent to investors on Wednesday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

OSK has been the subject of a number of other research reports. Morgan Stanley increased their target price on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Citigroup dropped their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. UBS Group raised their price objective on Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their target price on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.23.

Oshkosh Trading Down 6.5 %

Shares of NYSE:OSK opened at $103.18 on Wednesday. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.45 and a beta of 1.23. Oshkosh has a 1-year low of $89.08 and a 1-year high of $127.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The company has a 50 day moving average price of $99.95 and a 200 day moving average price of $103.08.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, research analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a dividend of $0.51 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, February 14th. Oshkosh’s payout ratio is currently 19.71%.

Hedge Funds Weigh In On Oshkosh

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in Oshkosh in the fourth quarter worth $32,000. Brooklyn Investment Group bought a new stake in Oshkosh in the third quarter worth $34,000. Finally, Proficio Capital Partners LLC bought a new stake in Oshkosh in the fourth quarter worth $34,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

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.