Mutual Advisors LLC Invests $849,000 in Oshkosh Corporation $OSK

Mutual Advisors LLC acquired a new position in shares of Oshkosh Corporation (NYSE:OSK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,069 shares of the company’s stock, valued at approximately $849,000.

Several other hedge funds have also recently added to or reduced their stakes in OSK. Asset Management One Co. Ltd. bought a new stake in shares of Oshkosh in the 3rd quarter worth approximately $1,399,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Oshkosh by 729.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,574 shares of the company’s stock valued at $2,020,000 after purchasing an additional 13,696 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Oshkosh by 30.5% in the second quarter. Thrivent Financial for Lutherans now owns 19,905 shares of the company’s stock valued at $2,260,000 after purchasing an additional 4,650 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Oshkosh by 2,101.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,676 shares of the company’s stock worth $417,000 after purchasing an additional 3,509 shares during the period. Finally, Voya Investment Management LLC lifted its position in Oshkosh by 171.3% in the third quarter. Voya Investment Management LLC now owns 25,200 shares of the company’s stock worth $3,268,000 after purchasing an additional 15,913 shares during the period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

NYSE:OSK opened at $167.27 on Thursday. The stock has a market capitalization of $10.58 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $169.62. The firm has a 50 day moving average of $138.87 and a 200-day moving average of $134.43.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the business earned $2.58 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. Oshkosh’s dividend payout ratio is 20.36%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OSK shares. KeyCorp restated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. Robert W. Baird set a $182.00 price target on shares of Oshkosh in a research report on Friday, January 30th. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Finally, Argus dropped their target price on Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.60.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.