K.J. Harrison & Partners Inc Makes New $460,000 Investment in Oshkosh Corporation $OSK

K.J. Harrison & Partners Inc bought a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,550 shares of the company’s stock, valued at approximately $460,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Keybank National Association OH purchased a new position in Oshkosh during the 3rd quarter valued at about $422,000. Mutual Advisors LLC purchased a new stake in shares of Oshkosh in the 3rd quarter worth approximately $849,000. Peterson Wealth Services boosted its stake in shares of Oshkosh by 3,459.5% during the third quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock valued at $7,387,000 after purchasing an additional 55,352 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in Oshkosh during the third quarter valued at approximately $1,162,000. Finally, Asset Management One Co. Ltd. bought a new position in Oshkosh in the third quarter worth approximately $1,399,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

OSK opened at $171.84 on Friday. The company has a market cap of $10.75 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. 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’s 50-day moving average price is $152.67 and its 200-day moving average price is $139.03. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $180.49.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 29th. The company reported $2.26 EPS 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 company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the business earned $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, equities analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s payout ratio is currently 22.75%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OSK. Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Barclays began coverage on Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price objective on the stock. DA Davidson boosted their target price on shares of Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Sanford C. Bernstein raised their price target on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Finally, Argus cut their price objective on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Oshkosh Company Profile

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.