Trust Point Inc. Sells 2,627 Shares of Oshkosh Corporation (NYSE:OSK)

Trust Point Inc. trimmed its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 52.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,345 shares of the company's stock after selling 2,627 shares during the period. Trust Point Inc.'s holdings in Oshkosh were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of OSK. Parallel Advisors LLC lifted its holdings in shares of Oshkosh by 91.4% in 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. Blue Trust Inc. increased its holdings in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after acquiring an additional 138 shares during the period. CX Institutional bought a new stake in Oshkosh during the 1st quarter worth approximately $28,000. Coppell Advisory Solutions LLC lifted its stake in Oshkosh by 52.1% in 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 in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Oshkosh during the 4th quarter valued at $34,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Trading Down 0.1%

Oshkosh stock traded down $0.13 during mid-day trading on Thursday, hitting $109.69. The company's stock had a trading volume of 870,967 shares, compared to its average volume of 658,681. The business has a 50 day moving average price of $96.33 and a 200-day moving average price of $97.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $118.39. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41.

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

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is presently 21.79%.

Wall Street Analyst Weigh In

OSK has been the subject of several research analyst reports. Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. UBS Group lifted their price target on Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Bank of America upped their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. DA Davidson dropped their target price on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group decreased their price target on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $120.29.

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.