GHP Investment Advisors Inc. Buys 4,696 Shares of Oshkosh Corporation $OSK

GHP Investment Advisors Inc. boosted its stake in Oshkosh Corporation (NYSE:OSK) by 11.1% in the fourth quarter, HoldingsChannel reports. The firm owned 47,104 shares of the company’s stock after acquiring an additional 4,696 shares during the period. GHP Investment Advisors Inc.’s holdings in Oshkosh were worth $5,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in Oshkosh in the third quarter valued at about $26,000. Blue Trust Inc. increased its holdings in shares of Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Oshkosh by 3,014.3% in the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Oshkosh in the third quarter worth about $29,000. Finally, Quent Capital LLC bought a new stake in shares of Oshkosh in the third quarter worth about $35,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 2.7%

NYSE:OSK opened at $147.70 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The company has a market cap of $9.25 billion, a PE ratio of 14.74, a PEG ratio of 0.74 and a beta of 1.39. Oshkosh Corporation has a 52-week low of $80.29 and a 52-week high of $180.49. The stock has a 50-day simple moving average of $156.82 and a 200 day simple moving average of $142.53.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 earnings per share. On average, sell-side analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a dividend of $0.57 per share. The ex-dividend date was Tuesday, February 17th. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is 22.75%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OSK. Sanford C. Bernstein set a $138.00 price target on Oshkosh in a report on Thursday, April 9th. Raymond James Financial restated an “outperform” rating and issued a $175.00 price target on shares of Oshkosh in a report on Monday, March 2nd. Bank of America upgraded Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price target for the company in a report on Tuesday, February 3rd. Truist Financial set a $183.00 price objective on shares of Oshkosh in a research report on Friday, January 30th. Finally, Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $180.00 to $170.00 in a report on Monday, April 13th. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and an average target price of $165.56.

Insider Activity

In related news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.64% of the company’s stock.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.