Blair William & Co. IL Lowers Stake in Oshkosh Corporation (NYSE:OSK)

Key Points

• Blair William & Co. IL cut its stake in Oshkosh Corporation by 33.3%, owning 7,974 shares valued at approximately $750,000 after selling 3,980 shares in Q1.
• Oshkosh reported strong quarterly earnings, with an EPS of $3.41, surpassing estimates by $0.43, despite a 4% decline in year-over-year revenue.
• The company's board declared a quarterly dividend of $0.51 per share, representing an annual yield of 1.5%, set to be paid on September 2nd.

Blair William & Co. IL lessened its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,974 shares of the company's stock after selling 3,980 shares during the period. Blair William & Co. IL's holdings in Oshkosh were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares during the last quarter. CX Institutional acquired a new position in shares of Oshkosh during the 1st quarter worth about $28,000. Coppell Advisory Solutions LLC raised its position in shares of Oshkosh by 52.1% during 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 last quarter. Golden State Wealth Management LLC raised its position in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Trading Up 3.0%

Shares of Oshkosh stock traded up $4.03 during mid-day trading on Tuesday, hitting $138.64. The stock had a trading volume of 432,772 shares, compared to its average volume of 728,387. The firm has a 50-day moving average of $121.18 and a two-hundred day moving average of $105.19. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $139.95. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. The firm has a market cap of $8.87 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same quarter in the prior year, the company posted $3.34 EPS. The business's revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on OSK. Morgan Stanley reduced their price target on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. UBS Group set a $164.00 price objective on shares of Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Bank of America increased their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Evercore ISI increased their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Citigroup reiterated a "buy" rating and issued a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Oshkosh has a consensus rating of "Moderate Buy" and an average target price of $133.08.

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.