Flagship Harbor Advisors LLC Purchases Shares of 3,157 Oshkosh Corporation $OSK

Flagship Harbor Advisors LLC acquired a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,157 shares of the company’s stock, valued at approximately $409,000.

Other hedge funds have also modified their holdings of the company. Sivia Capital Partners LLC lifted its holdings in shares of 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 purchasing an additional 81 shares during the last quarter. ProShare Advisors LLC raised its holdings in Oshkosh by 3.1% during 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 raised its holdings in Oshkosh by 6.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after buying an additional 100 shares during the period. First Business Financial Services Inc. lifted its stake in Oshkosh by 0.9% during the third quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock valued at $1,536,000 after buying an additional 103 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after buying an additional 114 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OSK has been the topic of a number of recent analyst reports. Robert W. Baird set a $182.00 price target on shares of Oshkosh in a report on Friday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. UBS Group reissued a “buy” rating and set a $167.00 target price on shares of Oshkosh in a research note on Friday, January 30th. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Finally, Sanford C. Bernstein upped their price target on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.60.

Oshkosh Stock Up 5.1%

Shares of Oshkosh stock opened at $171.88 on Monday. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.87 and a beta of 1.43. The stock has a 50-day simple moving average of $140.47 and a 200-day simple moving average of $135.08. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $172.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05.

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

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.57 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, February 17th. Oshkosh’s dividend payout ratio is currently 20.36%.

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.