Crossmark Global Holdings Inc. Buys 3,017 Shares of Oshkosh Corporation (NYSE:OSK)

Crossmark Global Holdings Inc. grew its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 78.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 6,864 shares of the company's stock after purchasing an additional 3,017 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Oshkosh were worth $646,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Oshkosh during the 1st quarter valued at $263,000. Semanteon Capital Management LP increased its position in shares of Oshkosh by 29.1% during the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock valued at $1,409,000 after purchasing an additional 3,342 shares during the period. DAVENPORT & Co LLC increased its position in shares of Oshkosh by 5.6% during the 1st quarter. DAVENPORT & Co LLC now owns 6,040 shares of the company's stock valued at $568,000 after purchasing an additional 319 shares during the period. Advisors Asset Management Inc. increased its position in shares of Oshkosh by 9.7% during the 4th quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company's stock valued at $5,226,000 after purchasing an additional 4,846 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Oshkosh by 17.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company's stock worth $713,000 after acquiring an additional 1,146 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and raised their price objective for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. JPMorgan Chase & Co. raised their price objective on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Evercore ISI raised their target price on Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Bank of America raised their target price on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $126.85.

Oshkosh Trading Down 0.5%

Oshkosh stock traded down $0.65 during mid-day trading on Friday, hitting $125.97. 593,096 shares of the company's stock were exchanged, compared to its average volume of 680,207. The firm has a market capitalization of $8.11 billion, a P/E ratio of 13.46, a PEG ratio of 1.84 and a beta of 1.43. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $129.02. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company's 50 day simple moving average is $107.26 and its 200-day simple moving average is $99.82.

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

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, May 16th. Oshkosh's dividend payout ratio is 21.79%.

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.