Flagship Harbor Advisors LLC Invests $409,000 in Oshkosh Corporation $OSK

Flagship Harbor Advisors LLC acquired a new stake in Oshkosh Corporation (NYSE:OSK) during the third quarter, Holdings Channel.com reports. The firm acquired 3,157 shares of the company’s stock, valued at approximately $409,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OSK. Keybank National Association OH bought a new stake in shares of Oshkosh in the third quarter valued at approximately $422,000. Mutual Advisors LLC acquired a new position in Oshkosh during the 3rd quarter valued at $849,000. Asset Management One Co. Ltd. bought a new stake in Oshkosh in the 3rd quarter valued at $1,399,000. Convergence Investment Partners LLC bought a new stake in Oshkosh in the 3rd quarter valued at $1,162,000. Finally, Peterson Wealth Services grew its position in Oshkosh by 3,459.5% in the 3rd quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock worth $7,387,000 after purchasing an additional 55,352 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Trading Up 5.1%

Shares of OSK stock opened at $171.88 on Monday. The company has a market capitalization of $10.87 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.87 and a beta of 1.43. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $172.93. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $140.47 and a 200 day moving average price of $135.08.

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

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s payout ratio is 20.36%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Oshkosh from $144.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. KeyCorp restated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. Sanford C. Bernstein upped their price target on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Barclays began coverage on Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.