SpiderRock Advisors LLC Buys Shares of 20,321 Oshkosh Co. (NYSE:OSK)

SpiderRock Advisors LLC purchased a new stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 20,321 shares of the company's stock, valued at approximately $2,036,000.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Oshkosh during the 3rd quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in Oshkosh during the 1st quarter valued at $31,000. Bessemer Group Inc. grew its holdings in Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company's stock valued at $49,000 after purchasing an additional 289 shares in the last quarter. Versant Capital Management Inc grew its holdings in Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company's stock valued at $67,000 after purchasing an additional 612 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock valued at $72,000 after purchasing an additional 564 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Truist Financial reduced their price objective on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Robert W. Baird reduced their price objective on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus reduced their price objective on shares of Oshkosh from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Finally, Evercore ISI reduced their price objective on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $123.14.

Oshkosh Stock Performance

NYSE:OSK traded down $0.63 during mid-day trading on Friday, hitting $111.63. The stock had a trading volume of 513,976 shares, compared to its average volume of 651,851. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 1.09 and a beta of 1.18. The company has a 50 day simple moving average of $102.99 and a 200-day simple moving average of $107.19. Oshkosh Co. has a 52 week low of $90.56 and a 52 week high of $127.98. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, research analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.65%. Oshkosh's payout ratio is 17.86%.

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.