Paradoxiom Capital L.P. Makes New $2.01 Million Investment in Oshkosh Co. (NYSE:OSK)

Paradoxiom Capital L.P. purchased a new position in shares of Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,180 shares of the company’s stock, valued at approximately $2,014,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Coppell Advisory Solutions LLC boosted its stake in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after acquiring an additional 110 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Oshkosh during the 4th quarter worth about $32,000. Proficio Capital Partners LLC purchased a new stake in shares of Oshkosh during the 4th quarter worth about $34,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after acquiring an additional 157 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Up 2.5%

OSK opened at $100.20 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company’s 50 day simple moving average is $90.55 and its two-hundred day simple moving average is $98.85. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $123.25. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.89 earnings per share. Analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.04%. Oshkosh’s dividend payout ratio is currently 21.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OSK shares. Citigroup reissued a “buy” rating and set a $105.00 target price (up from $95.00) on shares of Oshkosh in a research note on Tuesday, May 6th. Bank of America increased their target price on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Morgan Stanley lowered their target price on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird lowered their target price on shares of Oshkosh from $163.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Finally, Raymond James increased their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.64.

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.