Oak Thistle LLC Makes New Investment in Oshkosh Corporation (NYSE:OSK)

Oak Thistle LLC acquired a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,324 shares of the company's stock, valued at approximately $971,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parallel Advisors LLC grew its stake in shares of Oshkosh by 91.4% in 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 during the period. CX Institutional acquired a new stake in shares of Oshkosh in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC grew its stake in shares of Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after buying an additional 186 shares during the period. Coppell Advisory Solutions LLC increased its stake in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 110 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Shares of NYSE:OSK traded up $0.88 during mid-day trading on Friday, reaching $128.71. The company had a trading volume of 373,406 shares, compared to its average volume of 788,284. 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 firm has a market cap of $8.29 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 2.06 and a beta of 1.43. The company's 50-day moving average price is $113.27 and its 200-day moving average price is $101.92. Oshkosh Corporation has a one year low of $76.82 and a one year high of $129.15.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.89 EPS. As a group, equities research analysts anticipate 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 was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.51 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.58%. Oshkosh's dividend payout ratio (DPR) is presently 21.79%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OSK. KeyCorp reduced their price objective on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. Evercore ISI raised their target price on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Bank of America increased 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. Finally, Truist Financial raised shares of 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $129.69.

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.