Klein Pavlis & Peasley Financial Inc. Buys 5,116 Shares of Oshkosh Corporation (NYSE:OSK)

Key Points

• Klein Pavlis & Peasley Financial Inc. increased their stake in Oshkosh Corporation by 64.6%, acquiring an additional 5,116 shares, bringing their total holdings to 13,034 shares valued at $1,224,000.
• Multiple institutional investors have also significantly increased their holdings in Oshkosh, with Parallel Advisors LLC raising its stake by 91.4% and Golden State Wealth Management LLC by 147.6% within the first quarter.
• Oshkosh's stock recently received upgraded ratings from analysts, with Truist Financial raising its target price from $93.00 to $127.00, and a consensus rating of "Moderate Buy" with a target of $129.25.

Klein Pavlis & Peasley Financial Inc. increased its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 64.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,034 shares of the company's stock after acquiring an additional 5,116 shares during the period. Klein Pavlis & Peasley Financial Inc.'s holdings in Oshkosh were worth $1,224,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC raised its holdings in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 127 shares in the last quarter. CX Institutional bought a new stake in Oshkosh during the first quarter worth about $28,000. Golden State Wealth Management LLC raised its holdings in Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after acquiring an additional 186 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in 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 acquiring an additional 110 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after acquiring an additional 299 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OSK shares. Truist Financial raised 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 report on Tuesday, June 3rd. Robert W. Baird boosted their price target on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Morgan Stanley lowered 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. Evercore ISI boosted their price target 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 boosted their price target 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 nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $129.25.

Oshkosh Price Performance

Oshkosh stock opened at $130.55 on Friday. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $133.86. The stock's 50 day moving average is $116.04 and its 200-day moving average is $103.16. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.04 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating the consensus estimate of $2.98 by $0.43. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the business earned $3.34 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

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.

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