Covea Finance Acquires 4,800 Shares of Oshkosh Corporation $OSK

Covea Finance raised its stake in shares of Oshkosh Corporation (NYSE:OSK) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,400 shares of the company’s stock after buying an additional 4,800 shares during the quarter. Covea Finance owned about 0.13% of Oshkosh worth $10,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in OSK. Harbor Capital Advisors Inc. purchased a new position in shares of Oshkosh in the third quarter worth $26,000. Blue Trust Inc. grew its stake in Oshkosh by 471.1% during the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after acquiring an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in Oshkosh in the 3rd quarter valued at $29,000. Finally, Quent Capital LLC purchased a new stake in Oshkosh in the 3rd quarter worth $35,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president directly owned 13,577 shares of the company’s stock, valued at $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

Oshkosh Stock Down 2.7%

Shares of NYSE OSK opened at $140.32 on Friday. 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 12-month low of $76.82 and a 12-month high of $180.49. The firm’s 50-day moving average price is $159.39 and its 200-day moving average price is $140.70. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.74 and a beta of 1.37.

Oshkosh (NYSE:OSK) last issued 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 company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, February 17th. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s payout ratio is currently 22.75%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Sanford C. Bernstein increased their price objective on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Truist Financial set a $183.00 target price on Oshkosh in a research report on Friday, January 30th. Bank of America raised Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price target for the company in a research note on Tuesday, February 3rd. Robert W. Baird set a $182.00 price target on Oshkosh in a report on Friday, January 30th. Finally, Morgan Stanley reduced their price objective on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.31.

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.