Wolf Group Capital Advisors Makes New Investment in Oshkosh Corporation (NYSE:OSK)

Wolf Group Capital Advisors purchased a new position in Oshkosh Corporation (NYSE:OSK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,376 shares of the company's stock, valued at approximately $1,070,000.

Several other institutional investors and hedge funds have also bought and sold shares of OSK. V Square Quantitative Management LLC raised its position in shares of Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after acquiring an additional 157 shares in the last quarter. Blue Trust Inc. raised its holdings in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares in the last quarter. Truist Financial Corp lifted its position in Oshkosh by 3.7% during the fourth quarter. Truist Financial Corp now owns 19,482 shares of the company's stock valued at $1,852,000 after buying an additional 687 shares during the period. Venturi Wealth Management LLC lifted its position in Oshkosh by 24.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,250 shares of the company's stock valued at $119,000 after buying an additional 249 shares during the period. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Oshkosh during the 4th quarter valued at $44,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OSK shares. Citigroup reissued an "underperform" rating on shares of Oshkosh in a research report on Friday, June 6th. Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and raised their target price for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. boosted their price target on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Robert W. Baird upped their price target on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Finally, The Goldman Sachs Group lowered their price objective on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $120.29.

Oshkosh Stock Performance

Shares of Oshkosh stock traded down $0.13 during trading on Wednesday, hitting $109.69. 870,967 shares of the company's stock traded hands, compared to its average volume of 657,540. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $118.39. The business has a 50-day simple moving average of $95.92 and a 200-day simple moving average of $97.84. The stock has a market capitalization of $7.06 billion, a P/E ratio of 11.72, a PEG ratio of 1.63 and a beta of 1.41. 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 (NYSE:OSK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted $2.89 EPS. Oshkosh's revenue was down 9.1% on a year-over-year basis. As a group, analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

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

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.