Keeley Teton Advisors LLC Grows Stake in Oshkosh Co. (NYSE:OSK)

Keeley Teton Advisors LLC raised its stake in shares of Oshkosh Co. (NYSE:OSK) by 18.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,248 shares of the company’s stock after buying an additional 4,173 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Oshkosh were worth $2,495,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Gabelli Funds LLC raised its holdings in shares of Oshkosh by 33.3% in the 4th quarter. Gabelli Funds LLC now owns 16,000 shares of the company’s stock worth $1,521,000 after purchasing an additional 4,000 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Oshkosh by 6.0% during the 4th quarter. Guggenheim Capital LLC now owns 40,394 shares of the company’s stock valued at $3,840,000 after buying an additional 2,269 shares during the last quarter. Barclays PLC increased its position in shares of Oshkosh by 26.6% in the 4th quarter. Barclays PLC now owns 141,450 shares of the company’s stock worth $13,448,000 after purchasing an additional 29,740 shares during the last quarter. Synovus Financial Corp grew its position in shares of Oshkosh by 0.4% in the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company’s stock worth $2,886,000 after acquiring an additional 106 shares in the last quarter. Finally, Bragg Financial Advisors Inc increased its stake in Oshkosh by 10.0% during the fourth quarter. Bragg Financial Advisors Inc now owns 230,136 shares of the company’s stock valued at $21,879,000 after purchasing an additional 20,828 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Up 0.6 %

OSK stock opened at $86.46 on Tuesday. The business’s 50 day moving average price is $97.66 and its two-hundred day moving average price is $100.98. Oshkosh Co. has a fifty-two week low of $76.82 and a fifty-two week high of $125.00. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. 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, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.36%. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is presently 19.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OSK shares. Truist Financial reduced their price target on Oshkosh from $118.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Raymond James boosted their price objective on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Evercore ISI raised their price target on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Bank of America boosted their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Finally, Morgan Stanley upped their price target on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $116.08.

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.