MQS Management LLC bought a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,686 shares of the company's stock, valued at approximately $470,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh in the 3rd quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in shares of Oshkosh in the 1st quarter worth approximately $31,000. Bessemer Group Inc. boosted its position in shares of Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company's stock worth $49,000 after purchasing an additional 289 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company's stock worth $67,000 after purchasing an additional 612 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in shares of Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock worth $72,000 after purchasing an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.
Oshkosh Stock Performance
Shares of NYSE:OSK traded up $1.30 during midday trading on Thursday, hitting $111.72. The company had a trading volume of 580,227 shares, compared to its average volume of 511,070. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.09 and a beta of 1.18. Oshkosh Co. has a 12-month low of $93.34 and a 12-month high of $127.98. The company has a fifty day moving average of $103.43 and a two-hundred day moving average of $107.12.
Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, equities research analysts expect that Oshkosh Co. will post 11.35 EPS for the current fiscal year.
Oshkosh Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.65%. Oshkosh's dividend payout ratio (DPR) is 17.86%.
Analysts Set New Price Targets
A number of brokerages have recently commented on OSK. Evercore ISI dropped their price target on Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. Truist Financial lowered their price objective on Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. Robert W. Baird lowered their price objective on Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus lowered their price objective on Oshkosh from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of "Hold" and an average price target of $123.14.
View Our Latest Research Report on OSK
About Oshkosh
(
Free Report)
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.
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