Stablepoint Partners LLC Buys 1,101 Shares of Oshkosh Co. (NYSE:OSK)

Stablepoint Partners LLC lifted its stake in Oshkosh Co. (NYSE:OSK) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,542 shares of the company’s stock after acquiring an additional 1,101 shares during the quarter. Stablepoint Partners LLC’s holdings in Oshkosh were worth $2,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of OSK. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group bought a new position in shares of Oshkosh in the third quarter valued at $34,000. International Assets Investment Management LLC increased its holdings in Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after buying an additional 893 shares during the last quarter. Venturi Wealth Management LLC raised its position in Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after acquiring an additional 262 shares in the last quarter. Finally, KBC Group NV lifted its stake in Oshkosh by 15.2% in the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OSK shares. Robert W. Baird dropped their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Truist Financial dropped their price objective on Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. UBS Group reduced their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. KeyCorp upgraded Oshkosh from a “sector weight” rating to an “overweight” rating and set a $113.00 price target on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus price target of $121.14.

Oshkosh Stock Performance

NYSE OSK opened at $97.48 on Friday. The firm has a 50-day moving average price of $100.33 and a two-hundred day moving average price of $103.17. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98. The company has a market capitalization of $6.34 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.01 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.89%. Oshkosh’s dividend payout ratio is 17.86%.

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.