Oshkosh Co. (NYSE:OSK) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Oshkosh Co. (NYSE:OSK) by 51.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 581 shares of the company’s stock after buying an additional 197 shares during the quarter. GAMMA Investing LLC’s holdings in Oshkosh were worth $72,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. CWM LLC boosted its stake in Oshkosh by 54.1% in the first quarter. CWM LLC now owns 4,144 shares of the company’s stock valued at $517,000 after acquiring an additional 1,454 shares during the period. PNC Financial Services Group Inc. boosted its position in Oshkosh by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,554 shares of the company’s stock valued at $2,770,000 after purchasing an additional 1,464 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Oshkosh by 354.5% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 45,907 shares of the company’s stock worth $4,977,000 after buying an additional 35,807 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Oshkosh in the fourth quarter worth $23,926,000. Finally, Vanguard Group Inc. lifted its stake in Oshkosh by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock valued at $773,014,000 after buying an additional 219,375 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. DA Davidson raised Oshkosh from a “neutral” rating to a “buy” rating and lifted their price target for the company from $122.00 to $130.00 in a report on Friday, March 1st. Stifel Nicolaus increased their price objective on Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Bank of America lifted their target price on Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a research note on Tuesday, May 28th. Finally, Truist Financial increased their price target on Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $126.94.

Oshkosh Stock Performance

OSK opened at $107.55 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a market cap of $7.03 billion, a PE ratio of 10.29, a P/E/G ratio of 1.05 and a beta of 1.26. The business has a fifty day simple moving average of $114.56 and a 200-day simple moving average of $112.77. Oshkosh Co. has a fifty-two week low of $80.07 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. Oshkosh’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.59 EPS. As a group, equities analysts predict that Oshkosh Co. will post 11.17 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, May 10th. Oshkosh’s payout ratio is 17.61%.

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.