New Age Alpha Advisors LLC Acquires 18,345 Shares of Oshkosh Corporation (NYSE:OSK)

Key Points

• New Age Alpha Advisors LLC increased its stake in Oshkosh Corporation by 45.2% in Q1, acquiring a total of 58,948 shares, valued at approximately $5.55 million.
• Wall Street analysts have mixed opinions on Oshkosh, with recent price targets ranging from $90.00 to $149.00, and an average target of $130.83, indicating a consensus rating of "Moderate Buy".
• Oshkosh announced a quarterly dividend of $0.51 scheduled for payment on September 2nd, representing an annualized dividend yield of 1.5% and a payout ratio of 20.48%.

New Age Alpha Advisors LLC lifted its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 45.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,948 shares of the company's stock after purchasing an additional 18,345 shares during the period. New Age Alpha Advisors LLC owned 0.09% of Oshkosh worth $5,546,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in OSK. Synovus Financial Corp increased its stake in shares of Oshkosh by 0.4% during the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock worth $2,886,000 after purchasing an additional 106 shares during the period. Coppell Advisory Solutions LLC grew its holdings in Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after buying an additional 110 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Oshkosh by 3.9% during 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 in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after buying an additional 127 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its position in shares of Oshkosh by 3.9% in the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after acquiring an additional 171 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Down 1.9%

Shares of NYSE:OSK traded down $2.71 during mid-day trading on Wednesday, reaching $136.82. 625,440 shares of the company's stock were exchanged, compared to its average volume of 784,844. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $139.95. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.72 and a beta of 1.43. The business's fifty day moving average price is $117.60 and its 200-day moving average price is $103.82.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the company earned $3.34 earnings per share. The firm's revenue was down 4.0% compared to the same quarter last year. On average, research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.5%. Oshkosh's payout ratio is presently 20.48%.

Analyst Ratings Changes

A number of research firms have issued reports on OSK. Robert W. Baird boosted their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a report on Monday. Bank of America raised their price objective on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. UBS Group set a $164.00 target price on Oshkosh and gave the company a "buy" rating in a research report on Tuesday. 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 report on Wednesday, April 16th. Finally, DA Davidson upped their price objective on shares of Oshkosh from $148.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of "Moderate Buy" and a consensus target price of $133.08.

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.