Fox Run Management L.L.C. Makes New $1.65 Million Investment in Oshkosh Corporation $OSK

Fox Run Management L.L.C. purchased a new position in Oshkosh Corporation (NYSE:OSK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,732 shares of the company’s stock, valued at approximately $1,651,000.

A number of other large investors have also made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new position in Oshkosh in the 3rd quarter valued at about $26,000. Blue Trust Inc. grew its holdings in shares of Oshkosh by 471.1% during the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after buying an additional 179 shares in the last quarter. SJS Investment Consulting Inc. raised its position in shares of Oshkosh by 3,014.3% in the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after buying an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Oshkosh during the third quarter valued at approximately $29,000. Finally, Root Financial Partners LLC acquired a new stake in Oshkosh during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $177.86 on Wednesday. The business has a 50-day moving average of $150.88 and a two-hundred day moving average of $138.57. The firm has a market capitalization of $11.13 billion, a PE ratio of 17.75, a P/E/G ratio of 0.90 and a beta of 1.43. 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 Corporation has a 12 month low of $76.82 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $2.60 billion. During the same quarter in the prior year, the firm earned $2.58 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio (DPR) is 22.75%.

Analyst Upgrades and Downgrades

OSK has been the subject of several analyst reports. DA Davidson boosted their price target on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Bank of America upgraded Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price on the stock in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company lifted their price target on Oshkosh from $144.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.60.

Oshkosh Company 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.