NBC Securities Inc. Boosts Stake in Oshkosh Co. (NYSE:OSK)

NBC Securities Inc. grew its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 113,820.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,696 shares of the company's stock after buying an additional 5,691 shares during the quarter. NBC Securities Inc.'s holdings in Oshkosh were worth $535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synovus Financial Corp lifted its holdings in Oshkosh by 0.4% in the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after acquiring an additional 106 shares during the period. Coppell Advisory Solutions LLC lifted its stake in shares of 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. Captrust Financial Advisors boosted its holdings in shares of Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock worth $310,000 after buying an additional 122 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after buying an additional 127 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after buying an additional 138 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OSK shares. Robert W. Baird increased their price target on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research report on Friday. The Goldman Sachs Group decreased their target price on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. KeyCorp lowered their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upped their price target on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, DA Davidson lowered their price objective on Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Two investment 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 a consensus price target of $120.29.

Oshkosh Price Performance

Shares of NYSE:OSK traded up $1.34 during trading on Monday, hitting $110.68. 795,787 shares of the company's stock were exchanged, compared to its average volume of 650,871. The business's 50-day simple moving average is $92.27 and its 200 day simple moving average is $97.85. 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 Co. has a 52-week low of $76.82 and a 52-week high of $118.39. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.45 and a beta of 1.41.

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

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.84%. Oshkosh's dividend payout ratio is currently 21.79%.

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.