Lecap Asset Management Ltd. Makes New $351,000 Investment in Oshkosh Co. (NYSE:OSK)

Lecap Asset Management Ltd. purchased a new position in Oshkosh Co. (NYSE:OSK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,690 shares of the company's stock, valued at approximately $351,000.

A number of other large investors have also modified their holdings of OSK. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh in the 3rd quarter valued at $25,000. Blue Trust Inc. grew its stake in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after purchasing an additional 138 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Oshkosh in the fourth quarter valued at about $32,000. Brooklyn Investment Group purchased a new position in shares of Oshkosh in the third quarter worth about $34,000. Finally, International Assets Investment Management LLC raised its stake in shares of Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock worth $90,000 after purchasing an additional 893 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

OSK has been the topic of several analyst reports. Robert W. Baird cut their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Truist Financial upped their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. KeyCorp boosted their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Raymond James lifted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Morgan Stanley raised their target price on Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $124.85.

Oshkosh Stock Down 2.9 %

Shares of NYSE OSK traded down $3.18 during trading on Wednesday, reaching $107.95. 809,134 shares of the stock were exchanged, compared to its average volume of 760,705. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The business's 50-day moving average price is $99.51 and its 200 day moving average price is $102.97. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. Oshkosh Co. has a twelve month low of $89.08 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, equities analysts forecast that Oshkosh Co. will post 10.95 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.51 dividend. This is an increase from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh's payout ratio is presently 17.78%.

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.