LRI Investments LLC Purchases Shares of 1,522 Oshkosh Co. (NYSE:OSK)

LRI Investments LLC purchased a new stake in Oshkosh Co. (NYSE:OSK) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 1,522 shares of the company’s stock, valued at approximately $186,000.

Several other large investors have also recently bought and sold shares of OSK. LSV Asset Management raised its holdings in Oshkosh by 410.6% in the 4th quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock valued at $200,384,000 after acquiring an additional 1,486,402 shares during the period. Norges Bank bought a new position in shares of Oshkosh during the fourth quarter worth approximately $83,524,000. Vanguard Group Inc. increased its holdings in shares of Oshkosh by 10.1% during the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after purchasing an additional 718,122 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Oshkosh during the fourth quarter worth approximately $23,926,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock worth $189,473,000 after purchasing an additional 122,786 shares during the period. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Raymond James initiated coverage on shares of Oshkosh in a report on Friday, June 28th. They set an “outperform” rating and a $125.00 target price on the stock. Jefferies Financial Group cut their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Truist Financial cut their price target on Oshkosh from $132.00 to $123.00 and set a “hold” rating on the stock in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. cut their price target on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Bank of America lifted their price target on Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $124.82.

Oshkosh Trading Up 2.1 %

OSK stock traded up $2.35 during mid-day trading on Friday, reaching $116.02. The company’s stock had a trading volume of 466,162 shares, compared to its average volume of 517,225. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. The business’s 50 day moving average price is $109.39 and its 200 day moving average price is $113.06. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a 12 month low of $86.10 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. On average, equities research analysts predict that Oshkosh Co. will post 11.21 EPS for the current year.

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.