Oshkosh (NYSE:OSK) Price Target Increased to $140.00 by Analysts at Stifel Nicolaus

Oshkosh (NYSE:OSK) had its price target hoisted by Stifel Nicolaus from $135.00 to $140.00 in a research report report published on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also commented on OSK. Morgan Stanley initiated coverage on Oshkosh in a research note on Monday, January 8th. They issued an equal weight rating and a $102.00 price objective on the stock. UBS Group lifted their price objective on Oshkosh from $117.00 to $129.00 and gave the stock a buy rating in a research note on Friday, February 2nd. TheStreet upgraded Oshkosh from a c rating to a b- rating in a research note on Tuesday, January 30th. The Goldman Sachs Group lifted their price objective on Oshkosh from $104.00 to $116.00 and gave the stock a neutral rating in a research note on Wednesday, January 31st. Finally, StockNews.com upgraded Oshkosh from a hold rating to a buy rating in a research note on Monday, April 8th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $123.50.

Oshkosh Price Performance

NYSE OSK opened at $117.66 on Friday. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98. The stock’s 50-day moving average is $117.49 and its two-hundred day moving average is $107.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The firm has a market cap of $7.72 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the company earned $1.59 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. On average, analysts anticipate that Oshkosh will post 11.25 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s payout ratio is 17.61%.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OSK. CWM LLC boosted its holdings in shares of Oshkosh by 18.8% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $218,000 after acquiring an additional 362 shares in the last quarter. SG Americas Securities LLC bought a new position in Oshkosh in the 3rd quarter worth approximately $1,325,000. Counterpoint Mutual Funds LLC bought a new position in Oshkosh in the 3rd quarter worth approximately $86,000. Commonwealth Equity Services LLC raised its position in Oshkosh by 8.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 28,652 shares of the company’s stock worth $2,734,000 after purchasing an additional 2,226 shares during the last quarter. Finally, FinTrust Capital Advisors LLC bought a new position in Oshkosh in the 3rd quarter worth approximately $191,000. 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.