Oshkosh Co. (NYSE:OSK) Shares Bought by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC raised its stake in Oshkosh Co. (NYSE:OSK) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,062 shares of the company’s stock after buying an additional 146 shares during the period. Carolina Wealth Advisors LLC’s holdings in Oshkosh were worth $576,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Oshkosh in the 3rd quarter valued at $25,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh in the 3rd quarter valued at about $34,000. International Assets Investment Management LLC boosted its holdings in shares of Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after buying an additional 893 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after buying an additional 262 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Oshkosh by 15.2% in the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after buying an additional 220 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

OSK stock opened at $94.03 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 0.94 and a beta of 1.21. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. The firm has a 50 day moving average of $102.45 and a two-hundred day moving average of $103.59.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 EPS 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 the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, equities analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup reduced their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. UBS Group reduced their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Truist Financial upped their price target on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus price target of $122.31.

Oshkosh Profile

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.