Oshkosh (NYSE:OSK) Cut to Hold at StockNews.com

Oshkosh (NYSE:OSK) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research analysts have also issued reports on the stock. Citigroup lifted their price target 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. Truist Financial started coverage on shares of Oshkosh in a research note on Thursday, March 14th. They set a “hold” rating and a $121.00 target price on the stock. DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and boosted their target price for the company from $122.00 to $130.00 in a research note on Friday, March 1st. Stifel Nicolaus boosted their target price on shares of Oshkosh from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, UBS Group boosted their target price on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and a consensus price target of $117.94.

Oshkosh Price Performance

NYSE:OSK traded up $1.22 during midday trading on Thursday, hitting $124.77. 506,582 shares of the stock were exchanged, compared to its average volume of 522,747. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.57 and a beta of 1.28. Oshkosh has a one year low of $72.09 and a one year high of $124.99. The business has a 50-day moving average price of $112.76 and a two-hundred day moving average price of $103.33.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.32. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. Sell-side analysts predict that Oshkosh will post 10.3 EPS for the current year.

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently bought and sold shares of the business. State of Michigan Retirement System boosted its holdings in Oshkosh by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,708 shares of the company’s stock worth $1,703,000 after purchasing an additional 100 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after acquiring an additional 111 shares during the period. Citigroup Inc. boosted its holdings in Oshkosh by 1.1% during the second quarter. Citigroup Inc. now owns 11,388 shares of the company’s stock valued at $986,000 after acquiring an additional 125 shares during the period. Tributary Capital Management LLC boosted its holdings in Oshkosh by 2.0% during the fourth quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock valued at $754,000 after acquiring an additional 135 shares during the period. Finally, First National Bank of Omaha boosted its holdings in Oshkosh by 0.9% during the second quarter. First National Bank of Omaha now owns 16,321 shares of the company’s stock valued at $1,413,000 after acquiring an additional 148 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Company Profile

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.