On June 3, 2025, Truist Financial upgraded Oshkosh Corporation from “Hold” to “Buy,” lifting its price target to $127 from $93. This upgrade signals renewed confidence in the stock’s long-term trajectory, despite recent turbulence.
🟢 The shift comes after a mixed Q1 report, where earnings per share landed at $1.92—missing analyst expectations of $2.02—and revenue dipped by over 9% year-over-year. However, Truist appears to see through the noise, identifying underlying strength in Oshkosh’s balance sheet, with a debt-to-equity ratio of just 0.14 and a healthy return on equity of 19.31%.
🟢 The stock’s decline appears to have priced in much of the recent disappointment, making this a strategic re-entry point for long-term investors. With its strong portfolio in defense, access equipment, and fire safety vehicles, Oshkosh remains well-positioned to benefit from infrastructure and military spending.
💰 Dividend Fundamentals:
Oshkosh pays an annual dividend of $2.04 per share, yielding 2.08%. The company has demonstrated consistent dividend growth over the past decade, averaging 11.4% annually. With a conservative payout ratio around 21.8%, the dividend is well-covered and shows commitment to shareholder returns while preserving capital for future investments.