Oshkosh Corporation (NYSE:OSK) Shares Purchased by Foundations Investment Advisors LLC

Key Points

• Foundations Investment Advisors LLC increased its holdings in Oshkosh Corporation by 130.6%, owning 6,347 shares worth approximately $597,000 as of the latest SEC filing.
• Oshkosh Corporation received multiple upgrades from research firms, with Goldman Sachs and Truist Financial both lifting their price targets and rating the stock as a "buy."
• Oshkosh reported a loss in quarterly earnings, with EPS of $1.92, missing estimates by $0.10, and revenue of $2.31 billion, down 9.1% compared to the same quarter last year.

Foundations Investment Advisors LLC increased its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 130.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,347 shares of the company's stock after acquiring an additional 3,595 shares during the period. Foundations Investment Advisors LLC's holdings in Oshkosh were worth $597,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Oshkosh by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock worth $220,342,000 after buying an additional 206,377 shares during the last quarter. FMR LLC boosted its holdings in Oshkosh by 13.0% in the 4th quarter. FMR LLC now owns 1,383,558 shares of the company's stock worth $131,535,000 after buying an additional 159,667 shares during the last quarter. Invesco Ltd. boosted its holdings in Oshkosh by 2.3% in the 4th quarter. Invesco Ltd. now owns 1,243,561 shares of the company's stock worth $118,225,000 after buying an additional 27,659 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Oshkosh by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,130,190 shares of the company's stock worth $107,479,000 after buying an additional 40,260 shares during the last quarter. Finally, Norges Bank acquired a new stake in Oshkosh in the 4th quarter worth about $72,692,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OSK. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and boosted their target price for the stock from $93.00 to $127.00 in a report on Tuesday, June 3rd. DA Davidson boosted their target price on Oshkosh from $111.00 to $148.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. UBS Group boosted their target price on Oshkosh from $119.00 to $149.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their target price on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $129.69.

Oshkosh Stock Up 0.8%

OSK stock opened at $126.46 on Friday. The firm has a market cap of $8.14 billion, a PE ratio of 13.51, a PEG ratio of 2.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The firm's 50 day moving average price is $115.39 and its 200-day moving average price is $102.90. Oshkosh Corporation has a one year low of $76.82 and a one year high of $130.43.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.89 EPS. On average, equities research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

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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