Oshkosh (NYSE:OSK) Downgraded by StockNews.com

StockNews.com downgraded shares of Oshkosh (NYSE:OSK) from a buy rating to a hold rating in a research report report published on Friday.

A number of other equities analysts have also recently commented on the stock. Citigroup lifted their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $120.00 to $130.00 and gave the stock a neutral rating in a research report on Tuesday, April 16th. Robert W. Baird lifted their price objective on shares of Oshkosh from $140.00 to $158.00 and gave the stock an outperform rating in a research report on Friday. Wells Fargo & Company lifted their target price on Oshkosh from $114.00 to $122.00 and gave the stock an equal weight rating in a report on Wednesday, January 31st. Finally, DA Davidson raised Oshkosh from a neutral rating to a buy rating and lifted their target price for the stock from $122.00 to $130.00 in a report on Friday, March 1st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of Moderate Buy and an average price target of $123.50.

Oshkosh Price Performance

NYSE:OSK opened at $117.58 on Friday. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $117.49 and a 200 day simple moving average of $107.07. The stock has a market capitalization of $7.71 billion, a PE ratio of 11.25, a P/E/G ratio of 1.39 and a beta of 1.29.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the business posted $1.59 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts expect that Oshkosh will post 11.25 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a $0.46 dividend. 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 dividend payout ratio (DPR) is presently 17.61%.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the transaction, the senior vice president now owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Atlas Capital Advisors LLC raised its stake in Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 139 shares in the last quarter. Rise Advisors LLC raised its stake in Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after acquiring an additional 181 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after acquiring an additional 111 shares in the last quarter. BluePath Capital Management LLC acquired a new position in Oshkosh during the third quarter worth about $32,000. Finally, GAMMA Investing LLC acquired a new position in Oshkosh during the fourth quarter worth about $42,000. Institutional investors and hedge funds 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.