IFG Advisory LLC Buys 10,849 Shares of Oshkosh Co. (NYSE:OSK)

IFG Advisory LLC increased its stake in Oshkosh Co. (NYSE:OSK) by 32.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 44,178 shares of the company’s stock after purchasing an additional 10,849 shares during the quarter. IFG Advisory LLC’s holdings in Oshkosh were worth $4,789,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of OSK. Norges Bank bought a new stake in shares of Oshkosh in the 4th quarter valued at $59,227,000. Alliancebernstein L.P. increased its stake in Oshkosh by 53.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,347,946 shares of the company’s stock valued at $116,719,000 after purchasing an additional 467,476 shares in the last quarter. BlackRock Inc. increased its stake in Oshkosh by 4.7% during the 1st quarter. BlackRock Inc. now owns 6,039,602 shares of the company’s stock valued at $502,374,000 after purchasing an additional 272,691 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Oshkosh by 1,374.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock valued at $27,877,000 after purchasing an additional 239,707 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Oshkosh by 155.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 335,603 shares of the company’s stock valued at $32,027,000 after purchasing an additional 204,278 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Truist Financial initiated coverage on shares of Oshkosh in a research note on Thursday, March 14th. They set a “hold” rating and a $121.00 price target for the company. Citigroup lifted their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley initiated coverage on shares of Oshkosh in a report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price objective on the stock. Finally, TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.94.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is owned by company insiders.

Oshkosh Trading Up 2.6 %

Shares of Oshkosh stock opened at $123.54 on Thursday. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $123.62. The stock’s 50-day simple moving average is $112.36 and its 200 day simple moving average is $103.18. The stock has a market capitalization of $8.10 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that Oshkosh Co. will post 10.3 EPS for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.49%. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 14th. Oshkosh’s dividend payout ratio is 20.26%.

Oshkosh Company 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.