Virtu Financial LLC Buys Shares of 8,932 Oshkosh Corporation (NYSE:OSK)

Key Points

• Virtu Financial LLC purchased a new stake in Oshkosh Corporation, acquiring 8,932 shares valued at approximately $840,000 in the first quarter.
• Analysts have a generally positive outlook for Oshkosh, with several raising their price targets, estimating an average target price of $133.08 and a rating of "Moderate Buy."
• Oshkosh Corporation announced a quarterly dividend of $0.51 per share, reflecting an annualized yield of 1.5% and a payout ratio of 20.48%.

Virtu Financial LLC acquired a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,932 shares of the company's stock, valued at approximately $840,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Oshkosh by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company's stock valued at $14,085,000 after buying an additional 553 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Oshkosh during the 1st quarter valued at $263,000. DAVENPORT & Co LLC grew its holdings in Oshkosh by 5.6% during the 1st quarter. DAVENPORT & Co LLC now owns 6,040 shares of the company's stock valued at $568,000 after buying an additional 319 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Oshkosh by 17.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company's stock valued at $713,000 after buying an additional 1,146 shares during the last quarter. Finally, True North Advisors LLC acquired a new stake in Oshkosh during the 1st quarter valued at $807,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OSK has been the topic of a number of analyst reports. DA Davidson set a $160.00 target price on Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. Bank of America increased their target price on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. JPMorgan Chase & Co. raised their price objective on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Citigroup restated a "buy" rating and set a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Finally, Morgan Stanley decreased their price objective on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $133.08.

Oshkosh Trading Down 1.0%

Shares of OSK traded down $1.42 during trading hours on Thursday, hitting $140.27. The stock had a trading volume of 430,588 shares, compared to its average volume of 701,168. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The firm has a market cap of $8.98 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.76 and a beta of 1.43. The company's fifty day simple moving average is $122.59 and its 200 day simple moving average is $105.74. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $141.98.

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

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.5%. Oshkosh's dividend payout ratio (DPR) 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.