Wealth Enhancement Advisory Services LLC Raises Stock Position in Oshkosh Corporation (NYSE:OSK)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 159.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,013 shares of the company's stock after purchasing an additional 17,829 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Oshkosh were worth $2,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OSK. Norges Bank bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $72,692,000. American Century Companies Inc. boosted its stake in Oshkosh by 23.3% in the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after acquiring an additional 384,141 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Oshkosh in the fourth quarter valued at approximately $25,968,000. Atlantic Investment Management Inc. acquired a new stake in Oshkosh in the fourth quarter valued at approximately $21,866,000. Finally, Balyasny Asset Management L.P. boosted its stake in Oshkosh by 84.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 462,034 shares of the company's stock valued at $43,926,000 after acquiring an additional 211,244 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Performance

Shares of NYSE:OSK traded up $0.68 on Friday, hitting $113.67. 1,217,844 shares of the company were exchanged, compared to its average volume of 663,424. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $118.39. The stock's 50 day moving average price is $99.91 and its 200 day moving average price is $97.98. 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 capitalization of $7.32 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.66 and a beta of 1.41.

Oshkosh (NYSE:OSK - Get Free Report) last issued its 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 return on equity of 17.22% and a net margin of 5.84%. The business had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same period last year, the business earned $2.89 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. Sell-side analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors 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 annualized dividend and a dividend yield of 1.79%. Oshkosh's dividend payout ratio (DPR) is presently 21.79%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OSK shares. Robert W. Baird raised their target price on shares of Oshkosh from $135.00 to $169.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and raised their target price for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Citigroup restated a "buy" rating and issued a $130.00 target price (up from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. Bank of America raised their target price on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. Finally, DA Davidson lowered their target price on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.07.

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.