Point72 Asset Management L.P. Makes New $25.97 Million Investment in Oshkosh Co. (NYSE:OSK)

Point72 Asset Management L.P. bought a new position in shares of Oshkosh Co. (NYSE:OSK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 273,149 shares of the company’s stock, valued at approximately $25,968,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its position in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after acquiring an additional 32,435 shares during the last quarter. Semanteon Capital Management LP lifted its position in Oshkosh by 29.1% during the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock worth $1,409,000 after acquiring an additional 3,342 shares during the last quarter. Entropy Technologies LP lifted its position in Oshkosh by 29.0% during the 4th quarter. Entropy Technologies LP now owns 20,018 shares of the company’s stock worth $1,903,000 after acquiring an additional 4,498 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Oshkosh by 181.7% during the 4th quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company’s stock worth $2,035,000 after acquiring an additional 13,815 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh during the 4th quarter worth $23,285,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

OSK has been the subject of a number of research analyst reports. Raymond James boosted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. DA Davidson cut their price objective on shares of Oshkosh from $120.00 to $111.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group cut their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. UBS Group upped their price objective on shares of Oshkosh from $99.00 to $119.00 and gave the company a “buy” rating in a research report on Friday. Finally, Truist Financial cut their price objective on shares of Oshkosh from $94.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.21.

Oshkosh Stock Performance

NYSE OSK opened at $102.13 on Friday. The stock has a market cap of $6.57 billion, a P/E ratio of 9.87, a PEG ratio of 1.45 and a beta of 1.37. The company’s 50-day simple moving average is $90.77 and its 200 day simple moving average is $98.76. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $119.05. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.89 EPS. As a group, research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.51 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 2.00%. Oshkosh’s payout ratio is currently 21.79%.

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.