GHP Investment Advisors Inc. Increases Stock Position in Oshkosh Co. (NYSE:OSK)

GHP Investment Advisors Inc. lifted its holdings in Oshkosh Co. (NYSE:OSK) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,597 shares of the company’s stock after buying an additional 1,511 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.05% of Oshkosh worth $3,099,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. grew its holdings in Oshkosh by 3,329.3% in the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after purchasing an additional 233,218 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock worth $16,044,000 after buying an additional 97,282 shares during the last quarter. Edgestream Partners L.P. increased its position in Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after buying an additional 59,566 shares in the last quarter. Holocene Advisors LP purchased a new position in Oshkosh during the third quarter valued at $5,375,000. Finally, Quantbot Technologies LP purchased a new position in Oshkosh during the third quarter valued at $4,778,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

NYSE OSK opened at $111.54 on Friday. The business’s fifty day moving average is $99.64 and its 200 day moving average is $103.12. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The company has a market capitalization of $7.26 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Sell-side analysts predict that Oshkosh Co. will post 11 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.83%. Oshkosh’s dividend payout ratio is 17.78%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial lifted their price target on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Morgan Stanley increased their target price on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday. Raymond James upped their price target on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Citigroup reduced their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.00.

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.