North Star Asset Management Inc. purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,437 shares of the company’s stock, valued at approximately $1,295,000.
Several other hedge funds have also recently bought and sold shares of OSK. Tower View Wealth Management LLC acquired a new position in shares of Oshkosh in the 1st quarter valued at about $29,000. Torren Management LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth approximately $30,000. Fiduciary Financial Advisors purchased a new position in Oshkosh during the second quarter valued at approximately $38,000. Whittier Trust Co. increased its stake in Oshkosh by 33.7% in the 1st quarter. Whittier Trust Co. now owns 373 shares of the company’s stock valued at $55,000 after buying an additional 94 shares during the period. Finally, Basepoint Wealth LLC acquired a new position in Oshkosh in the 4th quarter valued at approximately $51,000. 92.36% of the stock is owned by hedge funds and other institutional investors.
Oshkosh Stock Down 1.5%
Oshkosh stock opened at $154.37 on Friday. The company has a market capitalization of $9.53 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.96 and a beta of 1.25. The firm’s fifty day simple moving average is $149.34 and its 200-day simple moving average is $148.14. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49.
Oshkosh Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is currently 26.09%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on OSK. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Friday, August 21st. Morgan Stanley dropped their price target on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Barclays lifted their price objective on Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Finally, Evercore reaffirmed an “outperform” rating and issued a $181.00 target price on shares of Oshkosh in a research report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.71.
Get Our Latest Research Report on OSK
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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