Oshkosh Co. (NYSE:OSK) Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. lifted its holdings in shares of Oshkosh Co. (NYSE:OSK) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,993 shares of the company’s stock after buying an additional 302 shares during the quarter. Harbour Investments Inc.’s holdings in Oshkosh were worth $601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Oshkosh during the second quarter valued at $1,500,000. M&G Plc purchased a new position in Oshkosh in the 1st quarter valued at about $15,102,000. Cetera Investment Advisers lifted its stake in Oshkosh by 772.9% in the 1st quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock valued at $3,418,000 after buying an additional 24,269 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Oshkosh in the 2nd quarter worth about $1,545,000. Finally, Blair William & Co. IL raised its holdings in shares of Oshkosh by 67.2% during the first quarter. Blair William & Co. IL now owns 16,963 shares of the company’s stock valued at $2,115,000 after acquiring an additional 6,815 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

NYSE OSK opened at $108.60 on Friday. The stock has a fifty day simple moving average of $103.91 and a 200-day simple moving average of $107.09. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock has a market cap of $7.07 billion, a PE ratio of 10.54, a P/E/G ratio of 1.08 and a beta of 1.18. Oshkosh Co. has a twelve month low of $93.34 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Equities analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OSK. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Evercore ISI dropped their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Truist Financial decreased their price target on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus dropped their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $123.14.

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.