Pzena Investment Management LLC purchased a new stake in Oshkosh Corporation (NYSE:OSK – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 415,766 shares of the company’s stock, valued at approximately $63,812,000.
A number of other hedge funds have also modified their holdings of the business. Tower View Wealth Management LLC acquired a new stake in shares of Oshkosh during the 1st quarter worth about $29,000. Torren Management LLC purchased a new stake in Oshkosh in the 4th quarter valued at about $30,000. Basepoint Wealth LLC acquired a new position in Oshkosh in the fourth quarter valued at about $51,000. Global Retirement Partners LLC lifted its position in Oshkosh by 284.9% in the fourth quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock valued at $51,000 after buying an additional 302 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Oshkosh by 33.7% during the first quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after buying an additional 94 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
Oshkosh Stock Performance
NYSE OSK opened at $153.97 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. The company has a market cap of $9.51 billion, a P/E ratio of 17.62, a P/E/G ratio of 0.94 and a beta of 1.25. The stock has a 50-day moving average of $146.03 and a two-hundred day moving average of $148.19. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49.
Oshkosh Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 13th. Oshkosh’s dividend payout ratio (DPR) is currently 26.09%.
Analyst Upgrades and Downgrades
OSK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Robert W. Baird upped their price objective on shares of Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Morgan Stanley lowered their price objective on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Barclays lifted their target price on shares of Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Zacks Research lowered Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.33.
Check Out Our Latest Stock Report on Oshkosh
Oshkosh Company 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.
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