LSV Asset Management Boosts Stake in Oshkosh Corporation $OSK

LSV Asset Management grew its stake in shares of Oshkosh Corporation (NYSE:OSK) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,895,825 shares of the company’s stock after buying an additional 31,401 shares during the period. LSV Asset Management’s holdings in Oshkosh were worth $245,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caprock Group LLC acquired a new stake in shares of Oshkosh during the 3rd quarter worth about $244,000. ING Groep NV purchased a new position in shares of Oshkosh during the third quarter valued at approximately $5,772,000. Krilogy Financial LLC acquired a new stake in Oshkosh during the third quarter worth approximately $456,000. Advisors Asset Management Inc. grew its stake in Oshkosh by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 56,819 shares of the company’s stock worth $7,369,000 after acquiring an additional 2,815 shares during the period. Finally, MQS Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at $388,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Oshkosh stock opened at $174.67 on Thursday. The firm has a fifty day moving average of $143.31 and a 200-day moving average of $135.99. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $180.49. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $11.05 billion, a P/E ratio of 17.43, a PEG ratio of 0.88 and a beta of 1.43.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the company posted $2.58 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 17th. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio (DPR) is 20.36%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Robert W. Baird set a $182.00 price target on Oshkosh in a research note on Friday, January 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Sanford C. Bernstein upped their price target on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Finally, UBS Group reaffirmed a “buy” rating and set a $167.00 price target on shares of Oshkosh in a research note on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and an average target price of $159.60.

About Oshkosh

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.