Truist Financial Cuts Oshkosh (NYSE:OSK) Price Target to $109.00

Oshkosh (NYSE:OSK) had its target price cut by Truist Financial from $116.00 to $109.00 in a report issued on Thursday,Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages also recently commented on OSK. UBS Group reduced their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Citigroup decreased their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird reduced their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price target on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and an average price target of $121.77.

Oshkosh Price Performance

Shares of NYSE OSK opened at $95.55 on Thursday. 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 quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. Oshkosh has a 52 week low of $89.08 and a 52 week high of $127.98.

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

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.93%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Institutional Investors Weigh In On Oshkosh

Several large investors have recently bought and sold shares of OSK. Assenagon Asset Management S.A. grew its position in shares of Oshkosh by 3,329.3% during the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after buying an additional 233,218 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Oshkosh during the 2nd quarter worth approximately $11,368,000. BNP Paribas Financial Markets grew its holdings in Oshkosh by 154.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock worth $16,044,000 after acquiring an additional 97,282 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Oshkosh by 15.9% in the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after purchasing an additional 85,698 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after purchasing an additional 78,235 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.