Wolf Group Capital Advisors Makes New $1.07 Million Investment in Oshkosh Corporation (NYSE:OSK)

Wolf Group Capital Advisors acquired a new position in Oshkosh Corporation (NYSE:OSK) during the first quarter, Holdings Channel reports. The firm acquired 11,376 shares of the company’s stock, valued at approximately $1,070,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares in the last quarter. Parallel Advisors LLC raised its position 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. CX Institutional purchased a new stake in shares of Oshkosh in the first quarter worth $28,000. Coppell Advisory Solutions LLC raised its position in shares of Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after buying an additional 110 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

OSK has been the topic of a number of recent analyst reports. Truist Financial upgraded Oshkosh from a “hold” rating to a “buy” rating and increased their price objective for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd. UBS Group increased their target price on Oshkosh from $99.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, May 16th. KeyCorp reduced their target price on Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group reissued a “hold” rating on shares of Oshkosh in a research note on Friday, June 6th. Finally, Evercore ISI increased their target price on Oshkosh from $137.00 to $147.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $120.29.

Oshkosh Stock Down 1.5%

Shares of NYSE:OSK opened at $109.83 on Wednesday. The stock’s 50-day moving average price is $95.92 and its 200-day moving average price is $97.84. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $118.39. The stock has a market capitalization of $7.07 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 1.63 and a beta of 1.41. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the business posted $2.89 earnings per share. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.86%. Oshkosh’s dividend payout ratio (DPR) is currently 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.