Cwm LLC Lowers Holdings in Oshkosh Co. (NYSE:OSK)

Cwm LLC lowered its stake in Oshkosh Co. (NYSE:OSK) by 33.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,756 shares of the company’s stock after selling 1,888 shares during the quarter. Cwm LLC’s holdings in Oshkosh were worth $376,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Oshkosh by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after acquiring an additional 718,122 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Oshkosh by 19.6% during the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after buying an additional 235,496 shares during the period. M&G Plc purchased a new position in shares of Oshkosh during the first quarter worth $15,102,000. Renaissance Technologies LLC acquired a new stake in shares of Oshkosh in the second quarter valued at $11,368,000. Finally, LSV Asset Management raised its holdings in shares of Oshkosh by 5.5% in the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after buying an additional 102,330 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of NYSE OSK opened at $108.14 on Monday. The stock’s 50-day simple moving average is $102.22 and its 200-day simple moving average is $108.92. The firm has a market capitalization of $7.07 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.19. Oshkosh Co. has a fifty-two week low of $86.10 and a fifty-two week high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, beating the consensus estimate of $3.00 by $0.34. The company 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 firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.69 earnings per share. As a group, equities research analysts forecast that Oshkosh Co. will post 11.4 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, August 16th. Oshkosh’s payout ratio is 17.61%.

Analyst Ratings Changes

OSK has been the subject of several research reports. Citigroup began coverage on Oshkosh in a research report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price for the company. Jefferies Financial Group dropped their price objective on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Stifel Nicolaus reduced their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Truist Financial dropped their price target on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Raymond James began coverage on Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $125.29.

Oshkosh Company 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.