Stablepoint Partners LLC Has $2.05 Million Stock Holdings in Oshkosh Co. (NYSE:OSK)

Stablepoint Partners LLC lifted its position in Oshkosh Co. (NYSE:OSK) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,542 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Tributary Capital Management LLC boosted its position in shares of Oshkosh by 46.6% in the fourth quarter. Tributary Capital Management LLC now owns 6,715 shares of the company’s stock valued at $638,000 after acquiring an additional 2,133 shares during the period. McGlone Suttner Wealth Management Inc. boosted its holdings in Oshkosh by 5.4% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 4,457 shares of the company’s stock valued at $424,000 after purchasing an additional 228 shares during the period. D.B. Root & Company LLC grew its position in Oshkosh by 28.1% in the 4th quarter. D.B. Root & Company LLC now owns 5,027 shares of the company’s stock worth $478,000 after purchasing an additional 1,102 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Oshkosh by 8.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 34,053 shares of the company’s stock valued at $3,237,000 after buying an additional 2,629 shares during the last quarter. Finally, Greenhaven Associates Inc. lifted its stake in shares of Oshkosh by 0.6% in the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock valued at $242,629,000 after buying an additional 15,622 shares during the period. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Up 1.3 %

Shares of OSK stock opened at $97.48 on Friday. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $100.33 and a 200-day moving average of $103.17. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.01 and a beta of 1.21.

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

Oshkosh Dividend Announcement

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

Wall Street Analysts Forecast Growth

OSK has been the topic of several research reports. UBS Group lowered their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial lowered their price objective on Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Citigroup reduced their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird lowered their price target 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. Finally, KeyCorp raised shares of Oshkosh from a “sector weight” rating to an “overweight” rating and set a $113.00 price objective for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $121.14.

Oshkosh 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.