8,580 Shares in Oshkosh Corporation (NYSE:OSK) Acquired by True North Advisors LLC

Key Points

• True North Advisors LLC has made a new investment of approximately $807,000 in Oshkosh Corporation, acquiring 8,580 shares during the first quarter.
• Oshkosh Corporation reported last quarter earnings per share of $3.41, exceeding analysts' expectations by $0.43, and had revenue of $2.73 billion.
• The company recently announced a quarterly dividend of $0.51 per share, providing a dividend yield of 1.5%.

True North Advisors LLC acquired a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,580 shares of the company's stock, valued at approximately $807,000.

Several other large investors also recently made changes to their positions in OSK. Parallel Advisors LLC increased its position 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 acquiring an additional 127 shares in the last quarter. CX Institutional bought a new stake in shares of Oshkosh during the first quarter worth $28,000. Coppell Advisory Solutions LLC increased its position in shares of Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after acquiring an additional 110 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after acquiring an additional 186 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after acquiring an additional 299 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OSK. UBS Group set a $164.00 target price on shares of Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Bank of America increased their price target 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. Citigroup restated a "buy" rating and set a $130.00 target price (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. Finally, Morgan Stanley dropped their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $133.08.

Oshkosh Price Performance

OSK stock traded up $2.56 during mid-day trading on Wednesday, hitting $141.32. The stock had a trading volume of 252,711 shares, compared to its average volume of 783,000. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $141.38. The firm has a market capitalization of $9.04 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.67 and a beta of 1.43. The firm has a fifty day simple moving average of $121.18 and a 200 day simple moving average of $105.19.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 EPS 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the firm earned $3.34 EPS. The business's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. Oshkosh's payout ratio is 20.48%.

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.