Two Sigma Securities LLC Makes New $431,000 Investment in Oshkosh Co. (NYSE:OSK)

Two Sigma Securities LLC purchased a new stake in shares of Oshkosh Co. (NYSE:OSK) during the fourth quarter, Holdings Channel reports. The fund purchased 4,538 shares of the company’s stock, valued at approximately $431,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Coppell Advisory Solutions LLC raised its holdings in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after buying an additional 110 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Oshkosh by 9.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,625 shares of the company’s stock worth $3,578,000 after purchasing an additional 3,304 shares during the period. Tower Research Capital LLC TRC boosted its position in Oshkosh by 201.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,116 shares of the company’s stock worth $867,000 after purchasing an additional 6,095 shares during the period. MetLife Investment Management LLC grew its holdings in Oshkosh by 9.0% during the fourth quarter. MetLife Investment Management LLC now owns 36,679 shares of the company’s stock valued at $3,487,000 after purchasing an additional 3,038 shares during the last quarter. Finally, Natixis acquired a new stake in shares of Oshkosh in the fourth quarter worth $2,453,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

NYSE:OSK opened at $88.91 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The company has a 50-day moving average of $93.30 and a 200-day moving average of $100.04. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $123.25. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK) last announced its quarterly 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, equities research analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio is currently 19.71%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OSK shares. Evercore ISI raised their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Bank of America lifted their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. DA Davidson set a $120.00 target price on Oshkosh in a research note on Monday, April 21st. Truist Financial dropped their price target on Oshkosh from $118.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Finally, KeyCorp reduced their price objective on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $115.00.

Oshkosh Company 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.