Karp Capital Management Corp Acquires Shares of 37,141 Oshkosh Corp (OSK)

Karp Capital Management Corp Acquires Shares of 37,141 Oshkosh Corp (OSK)

Several other hedge funds have also recently made changes to their positions in OSK. World Asset Management Inc increased its stake in shares of Oshkosh Corp by 2.0% in the first quarter. World Asset Management Inc now owns 5,554 shares of the company’s stock worth $381,000 after buying an additional 111 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Oshkosh Corp by 1.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,025 shares of the company’s stock worth $712,000 after buying an additional 156 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Oshkosh Corp by 9.5% in the first quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock worth $135,000 after buying an additional 171 shares in the last quarter. Greenwich Wealth Management LLC increased its stake in shares of Oshkosh Corp by 0.3% in the first quarter. Greenwich Wealth Management LLC now owns 54,617 shares of the company’s stock worth $3,746,000 after buying an additional 180 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in shares of Oshkosh Corp by 3.6% in the third quarter. Cetera Advisor Networks LLC now owns 7,170 shares of the company’s stock worth $402,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Karp Capital Management Corp purchased a new position in shares of Oshkosh Corp (NYSE:OSK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,141 shares of the company’s stock, valued at approximately $2,548,000.

Oshkosh Corp (OSK) opened at 64.59 on Tuesday. The company has a market capitalization of $4.83 billion, a PE ratio of 23.14 and a beta of 1.75. The stock’s 50 day moving average is $67.70 and its 200 day moving average is $67.98. Oshkosh Corp has a 52 week low of $44.01 and a 52 week high of $75.00.

Oshkosh Corp (NYSE:OSK) last issued its earnings results on Wednesday, April 26th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Oshkosh Corp had a return on equity of 12.27% and a net margin of 3.54%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Oshkosh Corp’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts predict that Oshkosh Corp will post $3.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.84 dividend on an annualized basis and a yield of 1.29%. Oshkosh Corp’s dividend payout ratio (DPR) is presently 28.28%.

A number of analysts recently issued reports on the company. Royal Bank of Canada increased their target price on Oshkosh Corp from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and set a $85.00 target price on shares of Oshkosh Corp in a research note on Friday, March 31st. Deutsche Bank AG increased their target price on Oshkosh Corp from $73.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, April 6th. Barrington Research increased their target price on Oshkosh Corp from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research cut Oshkosh Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $70.36.

In other news, Director Steven Mizell sold 1,800 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $69.80, for a total transaction of $125,640.00. Following the completion of the transaction, the director now owns 8,188 shares in the company, valued at approximately $571,522.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David M. Sagehorn sold 47,800 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $71.20, for a total value of $3,403,360.00. Following the transaction, the vice president now owns 131,616 shares of the company’s stock, valued at approximately $9,371,059.20. The disclosure for this sale can be found here. Insiders sold a total of 49,846 shares of company stock valued at $3,545,922 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Oshkosh Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OSK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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