90,673 Shares in Oshkosh Co. (NYSE:OSK) Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 90,673 shares of the company's stock, valued at approximately $8,620,000. Freestone Grove Partners LP owned about 0.14% of Oshkosh at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Oshkosh during the fourth quarter worth approximately $72,692,000. American Century Companies Inc. grew its stake in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after purchasing an additional 384,141 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh in the fourth quarter valued at about $23,285,000. Dimensional Fund Advisors LP boosted its position in shares of Oshkosh by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock worth $220,342,000 after purchasing an additional 206,377 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Oshkosh by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock valued at $774,035,000 after acquiring an additional 176,400 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Price Performance

Shares of Oshkosh stock traded up $2.68 on Thursday, hitting $91.33. 125,743 shares of the company were exchanged, compared to its average volume of 611,526. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $123.25. The company has a 50-day moving average price of $90.65 and a 200 day moving average price of $99.15. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

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

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's payout ratio is presently 21.79%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Bank of America raised their price objective on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group dropped their price target on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Evercore ISI increased their price target on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $100.00 to $92.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Truist Financial lowered their target price on shares of Oshkosh from $94.00 to $93.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $112.64.

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.