Fuller & Thaler Asset Management Inc. Buys New Position in Oshkosh Corporation $OSK

Key Points

• Fuller & Thaler Asset Management Inc. acquired a new stake in Oshkosh Corporation, purchasing 583,123 shares valued at approximately $54.86 million, representing 0.91% of the company.
• Several analysts have raised their price targets for Oshkosh, with Goldman's upgrade lifting the target to $131, reflecting a positive outlook for the company's stock.
• Oshkosh Corporation declared a quarterly dividend of $0.51 per share, with an annualized yield of 1.5%, indicating its ongoing commitment to return capital to shareholders.

Fuller & Thaler Asset Management Inc. bought a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 583,123 shares of the company's stock, valued at approximately $54,860,000. Fuller & Thaler Asset Management Inc. owned 0.91% of Oshkosh at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OSK. Principal Financial Group Inc. boosted its stake in shares of Oshkosh by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company's stock valued at $14,085,000 after buying an additional 553 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Oshkosh in the 1st quarter valued at about $263,000. DAVENPORT & Co LLC boosted its stake in shares of Oshkosh by 5.6% in the 1st quarter. DAVENPORT & Co LLC now owns 6,040 shares of the company's stock valued at $568,000 after buying an additional 319 shares during the period. True North Advisors LLC purchased a new position in shares of Oshkosh in the 1st quarter valued at about $807,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Oshkosh by 17.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company's stock valued at $713,000 after buying an additional 1,146 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America lifted their price objective on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. DA Davidson set a $160.00 price objective on Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. Finally, Evercore ISI boosted their target price on Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $133.08.

Oshkosh Trading Up 1.2%

OSK opened at $140.29 on Tuesday. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.43. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $141.98. The business's 50 day moving average is $123.76 and its two-hundred day moving average is $106.22. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping the consensus estimate of $2.98 by $0.43. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The firm's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.34 earnings per share. On average, research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.5%. Oshkosh's payout ratio is 20.48%.

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.

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