Delphi Management Inc. MA Purchases 652 Shares of Oshkosh Co. (NYSE:OSK)

Delphi Management Inc. MA grew its position in Oshkosh Co. (NYSE:OSK) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,288 shares of the company’s stock after acquiring an additional 652 shares during the quarter. Delphi Management Inc. MA’s holdings in Oshkosh were worth $1,358,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of OSK. Crossmark Global Holdings Inc. lifted its position in shares of Oshkosh by 17.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,827 shares of the company’s stock worth $384,000 after acquiring an additional 574 shares during the period. GSA Capital Partners LLP bought a new position in shares of Oshkosh during the 3rd quarter worth approximately $233,000. Victory Capital Management Inc. lifted its position in shares of Oshkosh by 3.7% during the 3rd quarter. Victory Capital Management Inc. now owns 293,060 shares of the company’s stock worth $29,368,000 after buying an additional 10,328 shares during the period. KBC Group NV lifted its position in shares of Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after buying an additional 220 shares during the period. Finally, Equity Investment Corp lifted its position in shares of Oshkosh by 1.5% during the 3rd quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after buying an additional 8,611 shares during the period. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on OSK. JPMorgan Chase & Co. raised their target price on Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Raymond James raised their target price on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley raised their target price on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Citigroup cut their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Truist Financial raised their price target on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Hold” and an average target price of $125.92.

Oshkosh Stock Up 1.3 %

NYSE OSK opened at $96.99 on Tuesday. The stock has a fifty day moving average of $101.05 and a 200-day moving average of $102.55. The stock has a market capitalization of $6.26 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 52 week low of $89.08 and a 52 week high of $127.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, equities research analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.51 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is 19.71%.

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.