Merit Financial Group LLC Raises Stock Holdings in Oshkosh Co. (NYSE:OSK)

Merit Financial Group LLC increased its position in Oshkosh Co. (NYSE:OSK - Free Report) by 222.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,045 shares of the company's stock after purchasing an additional 9,005 shares during the period. Merit Financial Group LLC's holdings in Oshkosh were worth $1,227,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. NBC Securities Inc. lifted its holdings in shares of Oshkosh by 113,820.0% in the 1st quarter. NBC Securities Inc. now owns 5,696 shares of the company's stock worth $535,000 after purchasing an additional 5,691 shares in the last quarter. Dumont & Blake Investment Advisors LLC lifted its stake in Oshkosh by 17.5% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 9,529 shares of the company's stock valued at $896,000 after acquiring an additional 1,420 shares in the last quarter. Parallel Advisors LLC lifted its stake in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. GAMMA Investing LLC lifted its stake in Oshkosh by 10,320.0% during the 1st quarter. GAMMA Investing LLC now owns 61,999 shares of the company's stock valued at $5,833,000 after acquiring an additional 61,404 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Oshkosh by 64.7% during the 1st quarter. Versant Capital Management Inc now owns 817 shares of the company's stock valued at $77,000 after acquiring an additional 321 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

Shares of OSK traded down $0.63 during midday trading on Wednesday, hitting $110.84. 725,597 shares of the company traded hands, compared to its average volume of 653,695. The stock has a 50-day moving average of $93.63 and a 200-day moving average of $98.02. Oshkosh Co. has a one year low of $76.82 and a one year high of $118.39. The firm has a market cap of $7.14 billion, a P/E ratio of 10.71, a PEG ratio of 1.45 and a beta of 1.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company earned $2.89 earnings per share. The company's quarterly revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Friday, May 16th. Oshkosh's payout ratio is 21.79%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore ISI raised their price objective on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Citigroup restated an "underperform" rating on shares of Oshkosh in a research note on Friday, June 6th. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and raised their price objective for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. The Goldman Sachs Group dropped their price objective on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, Robert W. Baird lifted their target price on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Oshkosh has an average rating of "Hold" and an average target price of $120.29.

About Oshkosh

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.