Balyasny Asset Management L.P. Buys 211,244 Shares of Oshkosh Co. (NYSE:OSK)

Balyasny Asset Management L.P. raised its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 84.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 462,034 shares of the company's stock after acquiring an additional 211,244 shares during the period. Balyasny Asset Management L.P. owned approximately 0.71% of Oshkosh worth $43,926,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Oshkosh during the fourth quarter worth about $72,692,000. American Century Companies Inc. boosted its position in shares of Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after acquiring an additional 384,141 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Oshkosh in the fourth quarter valued at approximately $23,285,000. Atlantic Investment Management Inc. acquired a new position in Oshkosh during the fourth quarter valued at approximately $21,866,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Oshkosh by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock valued at $220,342,000 after purchasing an additional 206,377 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Trading Up 0.9 %

Shares of OSK traded up $0.78 during trading hours on Friday, hitting $91.95. 660,562 shares of the stock were exchanged, compared to its average volume of 615,546. The firm has a market capitalization of $5.92 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a fifty-two week low of $76.82 and a fifty-two week high of $123.25. The business has a 50-day moving average of $90.46 and a 200-day moving average of $98.97.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm earned $2.89 earnings per share. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. On average, research analysts expect that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, May 16th. Oshkosh's dividend payout ratio is presently 21.79%.

Wall Street Analyst Weigh In

OSK has been the subject of several recent analyst reports. Truist Financial dropped their price objective on Oshkosh from $94.00 to $93.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Evercore ISI raised their price target on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. UBS Group lowered their price objective on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, KeyCorp lowered their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.