Point72 Hong Kong Ltd Buys 13,162 Shares of Oshkosh Co. (NYSE:OSK)

Point72 Hong Kong Ltd lifted its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 177.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,594 shares of the company's stock after purchasing an additional 13,162 shares during the period. Point72 Hong Kong Ltd's holdings in Oshkosh were worth $1,958,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in OSK. Barclays PLC lifted its stake in Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after buying an additional 32,435 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Oshkosh in the 3rd quarter valued at approximately $532,000. Assenagon Asset Management S.A. raised its position in shares of Oshkosh by 29.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock valued at $29,675,000 after acquiring an additional 71,911 shares during the period. Carolina Wealth Advisors LLC grew its holdings in Oshkosh by 2.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock valued at $576,000 after purchasing an additional 146 shares during the period. Finally, Merit Financial Group LLC increased its stake in Oshkosh by 6.9% in the fourth quarter. Merit Financial Group LLC now owns 4,040 shares of the company's stock valued at $384,000 after purchasing an additional 259 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on OSK. KeyCorp cut their target price on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial reduced their target price on Oshkosh from $94.00 to $93.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Evercore ISI boosted their price objective on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research report on Monday. Morgan Stanley lowered their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Raymond James increased their target price on Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.93.

Oshkosh Stock Performance

Shares of OSK traded up $0.57 during mid-day trading on Monday, reaching $102.73. The company's stock had a trading volume of 980,162 shares, compared to its average volume of 624,618. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 1-year low of $76.82 and a 1-year high of $119.05. The business has a 50-day simple moving average of $90.77 and a two-hundred day simple moving average of $98.68. The stock has a market cap of $6.61 billion, a P/E ratio of 9.93, a PEG ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) 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 business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the business earned $2.89 EPS. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current fiscal 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 issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's payout ratio is 21.79%.

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.