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

Hennion & Walsh Asset Management Inc. decreased its holdings in Oshkosh Co. (NYSE:OSK) by 3.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,657 shares of the company’s stock after selling 99 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Oshkosh were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased 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 valued at $978,797,000 after purchasing an additional 718,122 shares in the last quarter. American Century Companies Inc. increased its holdings in Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after buying an additional 235,496 shares in the last quarter. M&G Plc acquired a new stake in shares of Oshkosh during the 1st quarter valued at approximately $15,102,000. Renaissance Technologies LLC purchased a new stake in shares of Oshkosh during the 2nd quarter worth approximately $11,368,000. Finally, LSV Asset Management grew 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 worth $243,274,000 after acquiring an additional 102,330 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Jefferies Financial Group cut their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Truist Financial lowered their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Evercore ISI lowered their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $125.29.

Oshkosh Price Performance

OSK stock opened at $107.83 on Wednesday. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 52-week low of $86.37 and a 52-week high of $127.98. The stock’s fifty day simple moving average is $102.81 and its 200-day simple moving average is $107.86.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the company earned $2.69 EPS. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. Equities research analysts expect that Oshkosh Co. will post 11.33 EPS for the current year.

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.