Venturi Wealth Management LLC Boosts Holdings in Oshkosh Co. (NYSE:OSK)

Venturi Wealth Management LLC lifted its stake in Oshkosh Co. (NYSE:OSK) by 24.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,250 shares of the company’s stock after buying an additional 249 shares during the period. Venturi Wealth Management LLC’s holdings in Oshkosh were worth $119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Truist Financial Corp grew its position in Oshkosh by 3.7% during the 4th quarter. Truist Financial Corp now owns 19,482 shares of the company’s stock worth $1,852,000 after purchasing an additional 687 shares during the last quarter. Manchester Capital Management LLC grew its position in Oshkosh by 11.1% during the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock worth $204,000 after purchasing an additional 214 shares during the last quarter. Blue Trust Inc. grew its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the last quarter. V Square Quantitative Management LLC grew its position in Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after purchasing an additional 157 shares during the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in Oshkosh during the 4th quarter worth $343,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OSK has been the topic of several research reports. Citigroup lowered their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Truist Financial lifted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday, January 31st. Raymond James lifted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 31st. UBS Group lifted their target price on shares of Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Robert W. Baird lowered their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.23.

Oshkosh Stock Down 6.5 %

Shares of NYSE OSK opened at $103.18 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The firm has a 50-day moving average price of $99.95 and a 200 day moving average price of $103.10. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Equities research analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is 19.71%.

About Oshkosh

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.