LSV Asset Management Grows Stock Position in Oshkosh Co. (NYSE:OSK)

LSV Asset Management raised its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 410.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,848,390 shares of the company's stock after purchasing an additional 1,486,402 shares during the period. LSV Asset Management owned 2.83% of Oshkosh worth $200,384,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of OSK. BluePath Capital Management LLC bought a new stake in Oshkosh during the third quarter valued at about $32,000. Venturi Wealth Management LLC boosted its stake in shares of Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company's stock worth $34,000 after acquiring an additional 111 shares during the period. GAMMA Investing LLC bought a new position in shares of Oshkosh in the fourth quarter worth about $42,000. International Assets Investment Management LLC boosted its stake in shares of Oshkosh by 10,744.4% in the fourth quarter. International Assets Investment Management LLC now owns 976 shares of the company's stock worth $106,000 after acquiring an additional 967 shares during the period. Finally, FinTrust Capital Advisors LLC bought a new position in shares of Oshkosh in the third quarter worth about $191,000. Institutional investors own 92.36% of the company's stock.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares of the company's stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OSK shares. Robert W. Baird upped their price objective on Oshkosh from $140.00 to $158.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Wells Fargo & Company upped their price objective on Oshkosh from $114.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 31st. The Goldman Sachs Group upped their price objective on Oshkosh from $104.00 to $116.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 31st. Evercore ISI raised their price target on Oshkosh from $122.00 to $124.00 and gave the company an "outperform" rating in a report on Tuesday, February 20th. Finally, UBS Group raised their target price on shares of Oshkosh from $117.00 to $129.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Oshkosh has a consensus rating of "Moderate Buy" and a consensus target price of $123.50.

Oshkosh Trading Up 0.9 %

OSK stock traded up $1.04 during midday trading on Friday, reaching $114.40. 409,947 shares of the company traded hands, compared to its average volume of 488,321. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $127.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43. The business has a 50 day moving average of $118.07 and a 200-day moving average of $107.82. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.20 and a beta of 1.30.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. As a group, sell-side analysts expect that Oshkosh Co. will post 11.16 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.61%. Oshkosh's dividend payout ratio is 17.61%.

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.