Merit Financial Group LLC Increases Stock Position in Oshkosh Co. (NYSE:OSK)

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

Several other institutional investors and hedge funds have also recently made changes to their positions in OSK. Parallel Advisors LLC raised its holdings in shares of 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 buying an additional 127 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after acquiring an additional 138 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in Oshkosh by 52.1% in 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 during the period. Proficio Capital Partners LLC purchased a new position in Oshkosh in the 4th quarter worth $34,000. Finally, V Square Quantitative Management LLC raised its position in Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Stock Down 0.2%

Shares of Oshkosh stock opened at $109.42 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The company's fifty day simple moving average is $92.27 and its two-hundred day simple moving average is $97.92. The company has a market cap of $7.04 billion, a P/E ratio of 10.57, a PEG ratio of 1.45 and a beta of 1.41. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $118.39.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) 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 analysts' expectations of $2.42 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. Oshkosh's quarterly revenue was down 9.1% compared to the same quarter last year. Research analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.86%. Oshkosh's dividend payout ratio (DPR) is 21.79%.

Analyst Ratings Changes

OSK has been the topic of a number of analyst reports. DA Davidson decreased their target price on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $93.00 to $127.00 in a report on Tuesday, June 3rd. Morgan Stanley decreased their price target on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. UBS Group lifted their price target on Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Bank of America lifted their target price on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $120.29.

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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