Opus Capital Group LLC Has $3.77 Million Stake in Oshkosh Corporation (OSK)
Opus Capital Group LLC decreased its position in Oshkosh Corporation (NYSE:OSK) by 45.1% during the second quarter, Holdings Channel reports. The firm owned 54,803 shares of the company’s stock after selling 44,988 shares during the period. Opus Capital Group LLC’s holdings in Oshkosh Corporation were worth $3,774,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after buying an additional 6,316,906 shares during the period. AQR Capital Management LLC increased its position in shares of Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock worth $202,350,000 after buying an additional 1,037,968 shares during the period. Vanguard Group Inc. increased its position in shares of Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock worth $464,212,000 after buying an additional 973,348 shares during the period. Prudential Financial Inc. increased its position in shares of Oshkosh Corporation by 194.2% in the first quarter. Prudential Financial Inc. now owns 890,505 shares of the company’s stock worth $61,080,000 after buying an additional 587,822 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Oshkosh Corporation by 37.3% in the first quarter. Bank of New York Mellon Corp now owns 1,503,344 shares of the company’s stock worth $103,114,000 after buying an additional 408,117 shares during the period. Institutional investors own 95.68% of the company’s stock.
Shares of Oshkosh Corporation (NYSE OSK) opened at 73.88 on Friday. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $77.20. The stock’s 50 day moving average price is $70.79 and its 200 day moving average price is $68.62. The company has a market cap of $5.53 billion, a P/E ratio of 21.92 and a beta of 1.81.
Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. On average, analysts forecast that Oshkosh Corporation will post $3.95 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio is currently 25.07%.
OSK has been the subject of a number of analyst reports. Zacks Investment Research downgraded Oshkosh Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada raised their price objective on Oshkosh Corporation from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Barrington Research raised their price objective on Oshkosh Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Bank of America Corporation downgraded Oshkosh Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $75.00 to $60.00 in a report on Friday, July 7th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $75.67.
In other news, Director Craig P. Omtvedt sold 7,050 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $74.82, for a total value of $527,481.00. Following the completion of the transaction, the director now owns 32,374 shares of the company’s stock, valued at approximately $2,422,222.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP R Scott Grennier sold 4,883 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $74.40, for a total value of $363,295.20. Following the completion of the transaction, the vice president now directly owns 4,912 shares of the company’s stock, valued at approximately $365,452.80. The disclosure for this sale can be found here. Insiders sold a total of 50,533 shares of company stock valued at $3,810,466 in the last three months. Corporate insiders own 2.00% of the company’s stock.
Oshkosh Corporation Company Profile
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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