Mutual Advisors LLC Makes New Investment in Oshkosh Corporation $OSK

Mutual Advisors LLC purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 6,069 shares of the company’s stock, valued at approximately $849,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in Oshkosh by 22.8% during the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after buying an additional 529,907 shares in the last quarter. LSV Asset Management lifted its position in shares of Oshkosh by 8.0% during the 2nd quarter. LSV Asset Management now owns 1,864,424 shares of the company’s stock valued at $211,687,000 after acquiring an additional 137,818 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Oshkosh by 25.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after acquiring an additional 345,782 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Oshkosh by 2.4% during the 2nd quarter. Bank of America Corp DE now owns 1,090,142 shares of the company’s stock worth $123,775,000 after acquiring an additional 25,125 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Oshkosh in the 2nd quarter worth $98,570,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

NYSE OSK opened at $167.27 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $10.58 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $169.62. The company has a 50 day moving average price of $138.87 and a two-hundred day moving average price of $134.43.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (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 company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company posted $2.58 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, February 17th. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio (DPR) is 20.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Robert W. Baird set a $182.00 target price on Oshkosh in a report on Friday, January 30th. Citigroup cut their price objective on Oshkosh from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Truist Financial set a $183.00 target price on shares of Oshkosh in a research report on Friday, January 30th. Finally, Argus cut their price target on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.60.

About Oshkosh

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.