Burney Co. Has $3.30 Million Position in Oshkosh Corporation (NYSE:OSK)

Burney Co. cut its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 22.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,117 shares of the company's stock after selling 10,301 shares during the period. Burney Co. owned approximately 0.05% of Oshkosh worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OSK. Oak Thistle LLC acquired a new position in Oshkosh during the 1st quarter valued at about $971,000. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Oshkosh by 9.7% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 62,536 shares of the company's stock worth $5,883,000 after purchasing an additional 5,519 shares during the period. Atlantic Union Bankshares Corp increased its holdings in shares of Oshkosh by 15.8% in the first quarter. Atlantic Union Bankshares Corp now owns 4,400 shares of the company's stock worth $414,000 after purchasing an additional 600 shares during the period. Burns Matteson Capital Management LLC increased its holdings in shares of Oshkosh by 8.4% in the first quarter. Burns Matteson Capital Management LLC now owns 3,913 shares of the company's stock worth $368,000 after purchasing an additional 303 shares during the period. Finally, Signaturefd LLC increased its stake in Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after acquiring an additional 299 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Performance

Shares of Oshkosh stock traded up $0.88 during trading on Friday, hitting $128.71. 373,406 shares of the stock were exchanged, compared to its average volume of 788,284. The stock's fifty day moving average is $113.27 and its 200 day moving average is $101.92. The stock has a market cap of $8.29 billion, a PE ratio of 13.75, a P/E/G ratio of 2.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $129.15.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. Oshkosh's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.89 earnings per share. As a group, sell-side analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. Oshkosh's dividend payout ratio is currently 21.79%.

Wall Street Analyst Weigh In

Several research firms have issued reports on OSK. Citigroup restated a "buy" rating and set a $130.00 price target (up from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. DA Davidson lifted their price target on shares of Oshkosh from $111.00 to $148.00 and gave the stock a "buy" rating in a research note on Tuesday. Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and boosted their price target for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Finally, Robert W. Baird boosted their target price on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Oshkosh presently has an average 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.