Headlands Technologies LLC Has $320,000 Position in Oshkosh Corporation (NYSE:OSK)

Key Points

• Headlands Technologies LLC increased its stake in Oshkosh Corporation by 425.9% during the first quarter, now owning 3,397 shares valued at approximately $320,000.
• Oshkosh reported earnings of $3.41 per share for the last quarter, exceeding analysts' expectations of $2.98, with revenue reaching $2.73 billion.
• The company recently announced a quarterly dividend of $0.51, representing an annualized yield of 1.5% and a payout ratio of 20.48%.

Headlands Technologies LLC increased its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 425.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,397 shares of the company's stock after buying an additional 2,751 shares during the quarter. Headlands Technologies LLC's holdings in Oshkosh were worth $320,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Synovus Financial Corp raised its position in shares of Oshkosh by 0.4% during the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock worth $2,886,000 after purchasing an additional 106 shares during the period. Coppell Advisory Solutions LLC raised its position in shares of Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after purchasing an additional 110 shares during the period. Captrust Financial Advisors raised its position in shares of Oshkosh by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock worth $310,000 after purchasing an additional 122 shares during the period. Parallel Advisors LLC raised its position in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares during the period. Finally, Capital Insight Partners LLC raised its position in Oshkosh by 3.9% during the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after buying an additional 171 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OSK shares. Citigroup reissued 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. Morgan Stanley dropped their price target on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. UBS Group set a $164.00 price target on Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Evercore ISI upped their price target on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, Bank of America upped their price target on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $133.08.

Oshkosh Stock Performance

Shares of NYSE:OSK traded up $2.98 during trading on Wednesday, reaching $141.74. 559,293 shares of the stock were exchanged, compared to its average volume of 783,583. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $141.98. The firm has a market cap of $9.07 billion, a PE ratio of 14.23, a PEG ratio of 1.67 and a beta of 1.43. The stock has a 50-day moving average price of $121.18 and a 200-day moving average price of $105.19. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same period in the previous year, the company posted $3.34 earnings per share. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. Research analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. Oshkosh's dividend payout ratio is 20.48%.

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.