Carolina Wealth Advisors LLC Sells 3,613 Shares of Oshkosh Corporation (NYSE:OSK)

Carolina Wealth Advisors LLC cut its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 59.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,449 shares of the company's stock after selling 3,613 shares during the period. Carolina Wealth Advisors LLC's holdings in Oshkosh were worth $230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC grew its stake in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after acquiring an additional 186 shares in the last quarter. Lecap Asset Management Ltd. grew its stake in shares of Oshkosh by 327.5% in the first quarter. Lecap Asset Management Ltd. now owns 15,773 shares of the company's stock valued at $1,484,000 after acquiring an additional 12,083 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Oshkosh by 3.4% in the first quarter. GHP Investment Advisors Inc. now owns 33,713 shares of the company's stock valued at $3,172,000 after acquiring an additional 1,116 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Oshkosh by 17.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company's stock valued at $713,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Covea Finance grew its stake in shares of Oshkosh by 135.0% in the first quarter. Covea Finance now owns 70,500 shares of the company's stock valued at $6,633,000 after acquiring an additional 40,500 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OSK shares. The Goldman Sachs Group decreased their price target on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and increased their price objective for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Robert W. Baird increased their price objective on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. KeyCorp reduced their price objective on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America increased their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Oshkosh has a consensus rating of "Moderate Buy" and a consensus price target of $122.07.

Oshkosh Price Performance

Shares of OSK traded up $0.68 during mid-day trading on Friday, reaching $113.67. The company had a trading volume of 1,217,844 shares, compared to its average volume of 663,424. The company's 50 day simple moving average is $99.91 and its 200 day simple moving average is $97.98. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $118.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.66 and a beta of 1.41.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the business posted $2.89 earnings per share. The company's revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.51 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.79%. Oshkosh's dividend payout ratio (DPR) is presently 21.79%.

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.