Crossmark Global Holdings Inc. Grows Position in Oshkosh Corporation $OSK

Crossmark Global Holdings Inc. lifted its stake in Oshkosh Corporation (NYSE:OSK) by 329.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,312 shares of the company’s stock after acquiring an additional 9,448 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Oshkosh were worth $1,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in OSK. Sivia Capital Partners LLC grew its position in Oshkosh by 2.8% during the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock valued at $382,000 after buying an additional 81 shares during the period. ProShare Advisors LLC boosted its holdings in Oshkosh by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after buying an additional 87 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Oshkosh by 6.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock valued at $200,000 after acquiring an additional 100 shares in the last quarter. First Business Financial Services Inc. boosted its stake in shares of Oshkosh by 0.9% in the third quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock worth $1,536,000 after acquiring an additional 103 shares during the period. Finally, Brighton Jones LLC boosted its stake in shares of Oshkosh by 1.9% in the third quarter. Brighton Jones LLC now owns 6,212 shares of the company’s stock worth $806,000 after acquiring an additional 114 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. Citigroup reduced their price target on shares of Oshkosh from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $175.00 price target on shares of Oshkosh in a research note on Monday, March 2nd. Bank of America raised Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price on the stock in a report on Tuesday, February 3rd. Finally, Morgan Stanley decreased their target price on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $164.69.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

Oshkosh Stock Performance

NYSE OSK opened at $154.61 on Monday. The business’s 50 day moving average price is $156.83 and its 200-day moving average price is $140.15. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $180.49. The company has a market cap of $9.67 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $0.57 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio (DPR) is presently 22.75%.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.