LSV Asset Management Boosts Holdings in Oshkosh Corporation (NYSE:OSK)

Key Points

• LSV Asset Management increased its stake in Oshkosh Corporation by 6.9%, now holding approximately 1.73 million shares valued at $162.44 million.
• Analysts have mixed views on Oshkosh, with a current consensus rating of "Moderate Buy" and price targets ranging from $90 to $149.
• Oshkosh reported earnings of $3.41 per share for the last quarter, surpassing estimates and announcing $2.73 billion in revenue, despite a 4% year-over-year decline.

LSV Asset Management boosted its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,726,606 shares of the company's stock after buying an additional 111,062 shares during the period. LSV Asset Management owned approximately 2.68% of Oshkosh worth $162,439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional purchased a new stake in shares of Oshkosh during the 1st quarter worth $28,000. Coppell Advisory Solutions LLC boosted its position in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OSK shares. KeyCorp decreased their target price on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group boosted their target price on shares of Oshkosh from $119.00 to $149.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. DA Davidson boosted their target price on shares of Oshkosh from $111.00 to $148.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Bank of America lifted their price target on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. Finally, Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and lifted their price target for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $129.25.

Oshkosh Trading Up 3.2%

Shares of OSK stock opened at $130.55 on Friday. The firm has a 50-day moving average price of $116.04 and a 200 day moving average price of $103.16. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $133.86. 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. 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 (NYSE:OSK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.43. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the company posted $3.34 EPS. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

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.

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