Good Life Advisors LLC Makes New $1.10 Million Investment in Oshkosh Co. (NYSE:OSK)

Good Life Advisors LLC acquired a new stake in Oshkosh Co. (NYSE:OSK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,121 shares of the company's stock, valued at approximately $1,097,000.

A number of other large investors also recently bought and sold shares of OSK. Money Concepts Capital Corp grew its holdings in Oshkosh by 1,359.1% during the fourth quarter. Money Concepts Capital Corp now owns 321 shares of the company's stock worth $28,000 after acquiring an additional 299 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Oshkosh in the 3rd quarter valued at about $32,000. Belpointe Asset Management LLC lifted its stake in shares of Oshkosh by 108.5% in the first quarter. Belpointe Asset Management LLC now owns 513 shares of the company's stock valued at $43,000 after purchasing an additional 267 shares during the period. Coppell Advisory Solutions LLC purchased a new stake in Oshkosh during the second quarter worth about $48,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Oshkosh during the 3rd quarter valued at approximately $80,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,234 shares of the business's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the transaction, the senior vice president now owns 13,499 shares of the company's stock, valued at $1,503,518.62. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.64% of the stock is owned by company insiders.

Oshkosh Stock Up 1.0 %

OSK traded up $1.22 during trading on Thursday, hitting $124.77. The company had a trading volume of 506,582 shares, compared to its average volume of 522,747. The company has a market cap of $8.18 billion, a PE ratio of 13.74, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. Oshkosh Co. has a 1-year low of $72.09 and a 1-year high of $124.99. The business has a 50-day moving average of $112.76 and a 200-day moving average of $103.33.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the firm earned $1.60 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, analysts forecast that Oshkosh Co. will post 10.3 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, February 14th. This is an increase from Oshkosh's previous quarterly dividend of $0.41. Oshkosh's dividend payout ratio is currently 20.26%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley initiated coverage on Oshkosh in a report on Monday, January 8th. They set an "equal weight" rating and a $102.00 price objective for the company. UBS Group lifted their price objective on Oshkosh from $117.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Stifel Nicolaus increased their price target on Oshkosh from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, December 19th. The Goldman Sachs Group lifted their price objective on Oshkosh from $104.00 to $116.00 and gave the company a "neutral" rating in a research report on Wednesday, January 31st. Finally, Truist Financial assumed coverage on Oshkosh in a research note on Thursday, March 14th. They issued a "hold" rating and a $121.00 price target on the stock. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.94.

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.