Landscape Capital Management L.L.C. Invests $680,000 in Oshkosh Co. (NYSE:OSK)

Landscape Capital Management L.L.C. purchased a new position in shares of Oshkosh Co. (NYSE:OSK) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 6,789 shares of the company’s stock, valued at approximately $680,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of Oshkosh in the 3rd quarter valued at approximately $25,000. Bessemer Group Inc. lifted its holdings in shares of Oshkosh by 280.6% during the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares during the period. Versant Capital Management Inc grew its position in Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after buying an additional 612 shares during the last quarter. Eagle Bay Advisors LLC increased its stake in Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after buying an additional 564 shares during the period. Finally, GAMMA Investing LLC raised its position in Oshkosh by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after buying an additional 152 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Up 2.3 %

Shares of OSK stock opened at $111.81 on Friday. The stock has a market cap of $7.28 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.07 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a fifty-two week low of $93.34 and a fifty-two week high of $127.98. The business has a fifty day simple moving average of $105.02 and a 200-day simple moving average of $106.86.

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

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Analysts Set New Price Targets

Several analysts have recently weighed in on OSK shares. 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. JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Stifel Nicolaus dropped their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Evercore ISI reduced their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Truist Financial decreased their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Oshkosh currently has an average rating of “Hold” and an average price target 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.