Foundry Partners LLC Takes $6.32 Million Position in Oshkosh Co. (NYSE:OSK)

Foundry Partners LLC acquired a new position in Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 58,252 shares of the company's stock, valued at approximately $6,315,000. Foundry Partners LLC owned about 0.09% of Oshkosh as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC grew its position in Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company's stock worth $34,000 after purchasing an additional 111 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in Oshkosh during the 3rd quarter worth approximately $32,000. Counterpoint Mutual Funds LLC purchased a new stake in Oshkosh during the 3rd quarter worth approximately $86,000. Arlington Partners LLC grew its position in Oshkosh by 36.5% during the 3rd quarter. Arlington Partners LLC now owns 934 shares of the company's stock worth $89,000 after purchasing an additional 250 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Oshkosh by 10,744.4% during the 4th quarter. International Assets Investment Management LLC now owns 976 shares of the company's stock worth $106,000 after purchasing an additional 967 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on OSK shares. Morgan Stanley assumed coverage on shares of Oshkosh in a research report on Monday, January 8th. They set an "equal weight" rating and a $102.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Oshkosh from $114.00 to $122.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Tuesday, April 16th. Citigroup lifted their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. Finally, TheStreet upgraded shares of Oshkosh from a "c" rating to a "b-" rating in a research note on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Oshkosh has an average rating of "Moderate Buy" and an average price target of $120.25.

Oshkosh Price Performance

OSK traded up $1.87 during midday trading on Monday, hitting $119.59. 330,581 shares of the company traded hands, compared to its average volume of 492,447. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.50 and a beta of 1.29. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $127.98. The business has a 50 day simple moving average of $116.71 and a two-hundred day simple moving average of $106.52.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.32. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $1.60 earnings per share. On average, equities analysts forecast that Oshkosh Co. will post 10.33 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.54%. This is an increase from Oshkosh's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 14th. Oshkosh's dividend payout ratio (DPR) is presently 20.26%.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.58% of the company's stock.

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.