Burns Matteson Capital Management LLC Makes New $343,000 Investment in Oshkosh Co. (NYSE:OSK)

Burns Matteson Capital Management LLC purchased a new stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,610 shares of the company's stock, valued at approximately $343,000.

A number of other large investors also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. purchased a new position in Oshkosh during the 4th quarter valued at about $23,285,000. Entropy Technologies LP increased its stake in Oshkosh by 29.0% during the 4th quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock valued at $1,903,000 after purchasing an additional 4,498 shares in the last quarter. Empowered Funds LLC increased its stake in Oshkosh by 239.2% during the 4th quarter. Empowered Funds LLC now owns 41,686 shares of the company's stock valued at $3,963,000 after purchasing an additional 29,397 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in Oshkosh during the 4th quarter valued at about $351,000. Finally, GHP Investment Advisors Inc. increased its stake in Oshkosh by 4.9% during the 4th quarter. GHP Investment Advisors Inc. now owns 32,597 shares of the company's stock valued at $3,099,000 after purchasing an additional 1,511 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

NYSE OSK traded up $0.66 during trading hours on Thursday, hitting $108.55. 573,699 shares of the company's stock traded hands, compared to its average volume of 759,679. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The firm has a market capitalization of $7.06 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.89 and a beta of 1.23. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The business's fifty day moving average price is $99.33 and its two-hundred day moving average price is $103.04.

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

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.51 dividend. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.88%. Oshkosh's dividend payout ratio is presently 17.78%.

Wall Street Analysts Forecast Growth

OSK has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Bank of America raised their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday. Truist Financial raised their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Robert W. Baird reduced their price objective on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Finally, KeyCorp raised their price objective 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $124.85.

Oshkosh Company Profile

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.