Bayforest Capital Ltd Takes $690,000 Position in Oshkosh Corporation (NYSE:OSK)

Bayforest Capital Ltd purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,338 shares of the company's stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vestcor Inc acquired a new position in Oshkosh during the first quarter valued at approximately $430,000. XTX Topco Ltd purchased a new position in shares of Oshkosh in the first quarter valued at $358,000. Federated Hermes Inc. grew its holdings in Oshkosh by 27.3% during the 1st quarter. Federated Hermes Inc. now owns 6,161 shares of the company's stock valued at $580,000 after purchasing an additional 1,321 shares in the last quarter. N.E.W. Advisory Services LLC increased its stake in Oshkosh by 26.4% during the 1st quarter. N.E.W. Advisory Services LLC now owns 11,239 shares of the company's stock worth $1,057,000 after buying an additional 2,347 shares during the period. Finally, Foundations Investment Advisors LLC lifted its holdings in Oshkosh by 130.6% in the 1st quarter. Foundations Investment Advisors LLC now owns 6,347 shares of the company's stock worth $597,000 after buying an additional 3,595 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

OSK stock traded up $4.02 during trading on Friday, hitting $130.55. 1,492,233 shares of the company's stock traded hands, compared to its average volume of 791,486. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $133.86. The stock has a fifty day moving average price of $115.39 and a two-hundred day moving average price of $102.90. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.43. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the firm earned $3.34 earnings per share. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OSK has been the topic of a number of recent analyst reports. Citigroup reiterated a "buy" rating and issued a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Robert W. Baird boosted their price objective on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. KeyCorp dropped their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group upgraded shares of Oshkosh from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Oshkosh currently has a consensus rating of "Moderate Buy" and an average price target of $129.69.

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.