Thoroughbred Financial Services LLC Purchases 1,143 Shares of Oshkosh Co. (NYSE:OSK)

Thoroughbred Financial Services LLC grew its position in shares of Oshkosh Co. (NYSE:OSK) by 47.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,533 shares of the company’s stock after acquiring an additional 1,143 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Oshkosh were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GHP Investment Advisors Inc. increased its holdings in shares of Oshkosh by 6.7% during the second quarter. GHP Investment Advisors Inc. now owns 28,500 shares of the company’s stock valued at $3,084,000 after acquiring an additional 1,798 shares in the last quarter. Qsemble Capital Management LP bought a new stake in shares of Oshkosh during the second quarter valued at approximately $498,000. American Century Companies Inc. increased its holdings in shares of Oshkosh by 19.6% during the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after acquiring an additional 235,496 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Oshkosh by 10.8% during the second quarter. Texas Permanent School Fund Corp now owns 63,434 shares of the company’s stock valued at $6,864,000 after acquiring an additional 6,184 shares in the last quarter. Finally, Choreo LLC bought a new stake in Oshkosh during the second quarter worth $321,000. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OSK shares. JPMorgan Chase & Co. decreased their price target on Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Bank of America upped their price target on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a report on Tuesday, May 28th. Truist Financial upped their price target on Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus decreased their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Jefferies Financial Group decreased their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Oshkosh presently has a consensus rating of “Hold” and a consensus price target of $125.79.

Oshkosh Stock Up 1.4 %

Shares of NYSE OSK opened at $101.80 on Tuesday. Oshkosh Co. has a one year low of $86.10 and a one year high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The business’s fifty day moving average price is $104.72 and its 200-day moving average price is $111.47. The stock has a market capitalization of $6.63 billion, a PE ratio of 9.74, a P/E/G ratio of 0.93 and a beta of 1.19.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 EPS. On average, equities research analysts anticipate that Oshkosh Co. will post 11.66 EPS for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.81%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

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.