Oshkosh Co. (NYSE:OSK) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC grew its position in Oshkosh Co. (NYSE:OSK) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,881 shares of the company’s stock after purchasing an additional 3,426 shares during the period. Foundry Partners LLC owned approximately 0.10% of Oshkosh worth $7,128,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of Oshkosh by 408.8% in the fourth quarter. Franklin Resources Inc. now owns 64,407 shares of the company’s stock valued at $6,982,000 after purchasing an additional 51,748 shares during the period. SG Americas Securities LLC acquired a new position in shares of Oshkosh in the second quarter valued at about $1,500,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Oshkosh in the first quarter valued at about $1,507,000. Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock valued at $189,473,000 after purchasing an additional 122,786 shares during the period. Finally, M&G Plc acquired a new position in shares of Oshkosh in the first quarter valued at about $15,102,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OSK has been the topic of a number of recent research reports. Truist Financial upped their target price on Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Bank of America upped their target price on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 28th. Robert W. Baird upped their target price on Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Evercore ISI lowered their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. lowered their target price on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $125.79.

Oshkosh Price Performance

OSK stock traded down $1.02 during mid-day trading on Friday, reaching $98.23. 44,076 shares of the company’s stock were exchanged, compared to its average volume of 484,159. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. The stock’s 50 day moving average is $105.71 and its 200 day moving average is $111.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. Oshkosh Co. has a 12-month low of $86.10 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.34. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 earnings per share. On average, research analysts expect that Oshkosh Co. will post 11.66 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.46 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.87%. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

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.