Mach 1 Financial Group LLC purchased a new position in shares of Oshkosh Corporation (NYSE:OSK – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,960 shares of the company’s stock, valued at approximately $497,000.
Several other hedge funds have also recently modified their holdings of the stock. Abich Financial Wealth Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at $29,000. Torren Management LLC acquired a new position in Oshkosh in the 4th quarter valued at $30,000. Root Financial Partners LLC acquired a new position in Oshkosh in the 3rd quarter valued at $35,000. V Square Quantitative Management LLC acquired a new position in Oshkosh in the 4th quarter valued at $44,000. Finally, Lodestone Wealth Management LLC acquired a new position in Oshkosh in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 92.36% of the company’s stock.
Oshkosh Stock Up 1.1%
Shares of OSK opened at $127.22 on Friday. Oshkosh Corporation has a 52-week low of $96.03 and a 52-week high of $180.49. The company has a market capitalization of $7.93 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 0.61 and a beta of 1.33. The stock has a fifty day simple moving average of $144.27 and a two-hundred day simple moving average of $143.89. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13.
Oshkosh Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be given a $0.57 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a yield of 1.8%. Oshkosh’s payout ratio is currently 25.39%.
Analyst Upgrades and Downgrades
Several research firms recently commented on OSK. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Sanford C. Bernstein set a $138.00 price objective on shares of Oshkosh in a report on Thursday, April 9th. Wells Fargo & Company increased their price objective on shares of Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Morgan Stanley cut their price objective on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and an average price target of $165.38.
Read Our Latest Research Report on OSK
Insiders Place Their Bets
In related news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the sale, the senior vice president directly owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the sale, the director directly owned 39,684 shares of the company’s stock, valued at $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by insiders.
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.
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