Cwm LLC Purchases 27,065 Shares of Oshkosh Corporation (NYSE:OSK)

CWM LLC increased its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 929.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 29,977 shares of the company's stock after buying an additional 27,065 shares during the period. CWM LLC's holdings in Oshkosh were worth $2,820,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Oshkosh by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company's stock worth $14,085,000 after buying an additional 553 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new position in Oshkosh in the 1st quarter worth $263,000. Semanteon Capital Management LP boosted its holdings in Oshkosh by 29.1% in the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock worth $1,409,000 after buying an additional 3,342 shares during the period. DAVENPORT & Co LLC boosted its holdings in Oshkosh by 5.6% in the 1st quarter. DAVENPORT & Co LLC now owns 6,040 shares of the company's stock worth $568,000 after buying an additional 319 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Oshkosh by 9.7% in the 4th quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company's stock worth $5,226,000 after buying an additional 4,846 shares during the period. Institutional investors own 92.36% of the company's stock.

Oshkosh Trading Down 0.8%

Shares of NYSE:OSK traded down $0.95 during trading on Friday, reaching $123.42. The company's stock had a trading volume of 543,464 shares, compared to its average volume of 681,919. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $129.02. The firm's 50 day simple moving average is $109.99 and its two-hundred day simple moving average is $100.59. The stock has a market capitalization of $7.94 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS 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 business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business posted $2.89 EPS. The firm's revenue was down 9.1% on a year-over-year basis. On average, research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's payout ratio is 21.79%.

Analyst Ratings Changes

OSK has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Oshkosh from $119.00 to $149.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and increased their price objective for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. KeyCorp dropped their price objective on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Finally, Morgan Stanley dropped their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. 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 stock. According to data from MarketBeat, Oshkosh currently has an average rating of "Moderate Buy" and a consensus target price of $126.85.

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.