Allspring Global Investments Holdings LLC Increases Position in Oshkosh Co. (NYSE:OSK)

Allspring Global Investments Holdings LLC raised its holdings in Oshkosh Co. (NYSE:OSK) by 1.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 22,380 shares of the company’s stock after acquiring an additional 316 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Oshkosh were worth $2,791,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dumont & Blake Investment Advisors LLC purchased a new position in Oshkosh during the first quarter worth about $443,000. Baker Ellis Asset Management LLC grew its holdings in Oshkosh by 1.3% in the first quarter. Baker Ellis Asset Management LLC now owns 27,269 shares of the company’s stock valued at $3,401,000 after purchasing an additional 355 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in Oshkosh during the first quarter worth approximately $236,000. Hennessy Advisors Inc. boosted its holdings in shares of Oshkosh by 14.1% in the 1st quarter. Hennessy Advisors Inc. now owns 251,800 shares of the company’s stock valued at $31,402,000 after purchasing an additional 31,100 shares during the last quarter. Finally, Atlas Capital Advisors LLC grew its stake in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 139 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 0.2 %

Shares of NYSE:OSK opened at $105.85 on Wednesday. The firm has a market cap of $6.92 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.22. The company has a fifty day simple moving average of $112.76 and a 200 day simple moving average of $112.94. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a 12-month low of $84.60 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $1.59 EPS. On average, equities research analysts anticipate that Oshkosh Co. will post 11.17 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, May 10th. Oshkosh’s dividend payout ratio is presently 17.61%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OSK. Citigroup assumed coverage on Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. Truist Financial dropped their target price on shares of Oshkosh from $132.00 to $123.00 and set a “hold” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Raymond James initiated coverage on shares of Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price on the stock. Finally, Stifel Nicolaus upped their price target on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.69.

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.