Uncommon Cents Investing LLC Buys New Position in Oshkosh Co. (NYSE:OSK)

Uncommon Cents Investing LLC purchased a new stake in Oshkosh Co. (NYSE:OSK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,240 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds have also recently bought and sold shares of OSK. Norges Bank bought a new position in Oshkosh in the fourth quarter valued at approximately $59,227,000. Alliancebernstein L.P. grew its stake in Oshkosh by 53.1% in the second quarter. Alliancebernstein L.P. now owns 1,347,946 shares of the company’s stock valued at $116,719,000 after purchasing an additional 467,476 shares in the last quarter. BlackRock Inc. grew its stake in Oshkosh by 4.7% in the first quarter. BlackRock Inc. now owns 6,039,602 shares of the company’s stock valued at $502,374,000 after purchasing an additional 272,691 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Oshkosh by 1,374.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock valued at $27,877,000 after purchasing an additional 239,707 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Oshkosh by 155.6% in the third quarter. Qube Research & Technologies Ltd now owns 335,603 shares of the company’s stock valued at $32,027,000 after purchasing an additional 204,278 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

NYSE OSK traded up $1.22 during midday trading on Thursday, hitting $124.77. The company had a trading volume of 506,582 shares, compared to its average volume of 522,747. The company has a market capitalization of $8.18 billion, a PE ratio of 13.71, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $112.36 and a 200-day moving average price of $103.18. Oshkosh Co. has a twelve month low of $72.09 and a twelve month high of $124.99.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.32. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. As a group, analysts anticipate that Oshkosh Co. will post 10.3 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a $0.46 dividend. The ex-dividend date was Wednesday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 annualized dividend and a yield of 1.47%. Oshkosh’s payout ratio is currently 20.26%.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the transaction, the senior vice president now owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OSK. StockNews.com upgraded Oshkosh from a “hold” rating to a “buy” rating in a research note on Sunday, February 4th. UBS Group lifted their target price on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their target price on Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. The Goldman Sachs Group lifted their target price on Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Finally, Truist Financial initiated coverage on Oshkosh in a research note on Thursday, March 14th. They set a “hold” rating and a $121.00 target price for the company. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus target price of $117.94.

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.