NorthRock Partners LLC Purchases Shares of 2,542 Oshkosh Co. (NYSE:OSK)

NorthRock Partners LLC bought a new stake in Oshkosh Co. (NYSE:OSK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,542 shares of the company's stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC increased its stake in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after buying an additional 32,435 shares in the last quarter. Semanteon Capital Management LP increased its position in shares of Oshkosh by 29.1% during the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock worth $1,409,000 after purchasing an additional 3,342 shares in the last quarter. Entropy Technologies LP raised its stake in Oshkosh by 29.0% in the 4th quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock valued at $1,903,000 after purchasing an additional 4,498 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Oshkosh by 181.7% in the 4th quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company's stock valued at $2,035,000 after purchasing an additional 13,815 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Oshkosh in the 4th quarter valued at $23,285,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

OSK has been the subject of a number of recent research reports. UBS Group increased their target price on shares of Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Evercore ISI raised their target price on shares of Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. DA Davidson cut their price target on Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Robert W. Baird dropped their target price on Oshkosh from $163.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.93.

Oshkosh Trading Down 3.8%

NYSE OSK traded down $3.92 on Wednesday, reaching $98.51. The stock had a trading volume of 570,124 shares, compared to its average volume of 625,079. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $91.06 and a two-hundred day moving average price of $98.70. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $118.90. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the company posted $2.89 EPS. Oshkosh's revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 2.07%. Oshkosh's dividend payout ratio (DPR) is presently 21.79%.

About Oshkosh

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.