New Wave Wealth Advisors LLC Makes New $216,000 Investment in Oshkosh Co. (NYSE:OSK)

New Wave Wealth Advisors LLC purchased a new position in shares of Oshkosh Co. (NYSE:OSK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,999 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Oshkosh by 10.1% during the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after buying an additional 718,122 shares during the period. Greenhaven Associates Inc. increased its holdings in shares of Oshkosh by 1.5% in the second quarter. Greenhaven Associates Inc. now owns 2,517,042 shares of the company’s stock valued at $272,344,000 after purchasing an additional 36,953 shares during the period. LSV Asset Management increased its holdings in shares of Oshkosh by 5.5% in the first quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after purchasing an additional 102,330 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after purchasing an additional 78,235 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after purchasing an additional 235,496 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Down 1.8 %

OSK opened at $98.42 on Wednesday. The business’s fifty day moving average is $103.14 and its two-hundred day moving average is $110.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.98 and a beta of 1.19. Oshkosh Co. has a one year low of $86.10 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. Oshkosh’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 earnings per share. Analysts anticipate that Oshkosh Co. will post 11.62 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.46 per share. The ex-dividend date was Friday, August 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.87%. Oshkosh’s payout ratio is 17.61%.

Analyst Ratings Changes

A number of research firms have recently issued reports on OSK. Stifel Nicolaus dropped their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Raymond James began coverage on Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price on the stock. Citigroup began coverage on Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. Evercore ISI dropped their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Jefferies Financial Group decreased their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $125.79.

Oshkosh 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.