Oshkosh Co. (NYSE:OSK) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 45.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,756 shares of the company’s stock after purchasing an additional 862 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Oshkosh were worth $298,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Atlas Capital Advisors LLC lifted its stake in shares of Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 139 shares during the period. Headlands Technologies LLC bought a new position in shares of Oshkosh during the 1st quarter valued at about $31,000. Rise Advisors LLC grew its stake in shares of Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Oshkosh in the 4th quarter worth approximately $42,000. Finally, Bessemer Group Inc. lifted its stake in Oshkosh by 280.6% during the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on OSK shares. Robert W. Baird upped their price target on Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Raymond James assumed coverage on Oshkosh in a report on Friday, June 28th. They set an “outperform” rating and a $125.00 target price for the company. Stifel Nicolaus cut their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. decreased their target price on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Jefferies Financial Group cut their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.07.

Oshkosh Stock Up 1.3 %

OSK opened at $105.32 on Friday. The company has a market capitalization of $6.86 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. Oshkosh Co. has a fifty-two week low of $86.10 and a fifty-two week high of $127.98. The business has a 50-day moving average of $105.93 and a 200-day moving average of $112.42.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.34. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.69 earnings per share. Equities research analysts forecast that Oshkosh Co. will post 11.67 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, August 16th. Oshkosh’s payout ratio is 17.61%.

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.