Callan Capital LLC Invests $366,000 in Oshkosh Co. (NYSE:OSK)

Callan Capital LLC bought a new stake in Oshkosh Co. (NYSE:OSK) during the 4th quarter, HoldingsChannel reports. The firm bought 3,377 shares of the company’s stock, valued at approximately $366,000.

Several other hedge funds have also recently modified their holdings of the stock. BluePath Capital Management LLC purchased a new stake in shares of Oshkosh during the third quarter worth approximately $32,000. Venturi Wealth Management LLC grew its position in shares of Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after acquiring an additional 111 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Oshkosh in the 4th quarter valued at $42,000. Counterpoint Mutual Funds LLC acquired a new stake in Oshkosh during the 3rd quarter worth $86,000. Finally, Arlington Partners LLC grew its position in Oshkosh by 36.5% during the 3rd quarter. Arlington Partners LLC now owns 934 shares of the company’s stock worth $89,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Down 0.9 %

Shares of NYSE OSK traded down $1.11 during midday trading on Friday, hitting $117.58. The stock had a trading volume of 965,198 shares, compared to its average volume of 507,017. Oshkosh Co. has a 1-year low of $72.09 and a 1-year high of $127.98. The company has a fifty day moving average price of $117.49 and a 200 day moving average price of $107.07. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.54 and a beta of 1.29.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the business earned $1.59 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Oshkosh Co. will post 10.33 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s payout ratio is 20.26%.

Wall Street Analysts Forecast Growth

OSK has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. UBS Group lifted their target price on Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Truist Financial boosted their target price on Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a report on Friday. DA Davidson raised Oshkosh from a “neutral” rating to a “buy” rating and increased their price target for the stock from $122.00 to $130.00 in a report on Friday, March 1st. Finally, TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $123.50.

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now directly 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 SEC, which is available through this link. Corporate insiders own 0.64% of the company’s stock.

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.