Oshkosh Co. (NYSE:OSK) Shares Purchased by Cwm LLC

Cwm LLC increased its stake in shares of Oshkosh Co. (NYSE:OSK) by 54.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,144 shares of the company’s stock after acquiring an additional 1,454 shares during the period. Cwm LLC’s holdings in Oshkosh were worth $517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in Oshkosh by 408.8% during the 4th quarter. Franklin Resources Inc. now owns 64,407 shares of the company’s stock worth $6,982,000 after purchasing an additional 51,748 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Oshkosh during the 4th quarter worth approximately $1,995,000. Dimensional Fund Advisors LP increased its holdings in Oshkosh by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock worth $189,473,000 after purchasing an additional 122,786 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Oshkosh by 92.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,395 shares of the company’s stock worth $2,138,000 after purchasing an additional 10,770 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Oshkosh during the 4th quarter worth approximately $1,154,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Up 0.3 %

Shares of OSK stock opened at $107.54 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43. Oshkosh Co. has a 1 year low of $80.07 and a 1 year high of $127.98. The stock has a fifty day moving average of $114.56 and a two-hundred day moving average of $112.57. The firm has a market capitalization of $7.03 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 1.05 and a beta of 1.26.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, research analysts expect that Oshkosh Co. will post 11.17 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.71%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Analyst Ratings Changes

Several research firms have issued reports on OSK. Truist Financial lifted their price objective on Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a report on Friday, April 26th. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and boosted their price target for the company from $122.00 to $130.00 in a report on Friday, March 1st. Bank of America boosted their price target on Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a report on Tuesday, May 28th. StockNews.com downgraded Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus boosted their price target on Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.94.

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.