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Hennion & Walsh Asset Management Inc. invests $236,000 in Oshkosh Co. (NYSE:OSK)


Hennion & Walsh Asset Management Inc. acquired a new position in Oshkosh Co. (NYSE:OSK – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,894 shares of the company’s stock valued at approximately $236,000.

A number of other institutional investors have also recently made changes to their positions in OSK. LSV Asset Management increased its holdings in Oshkosh shares by 410.6% in the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock worth $200,384,000 after acquiring an additional 1,486,402 shares in the last quarter. Norges Bank acquired a new position in Oshkosh in the fourth quarter valued at about $83,524,000. Assenagon Asset Management SA increased its position in Oshkosh by 1,374.9% in the fourth quarter. Assenagon Asset Management SA now owns 257,142 shares of the company’s stock worth $27,877,000 after acquiring an additional 239,707 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Oshkosh during the fourth quarter valued at approximately $23,926,000. Finally, Vanguard Group Inc. increased its position in Oshkosh by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock valued at $773,014,000 after purchasing an additional 219,375 shares during the last quarter. 92.36% of the shares are owned by institutional investors and hedge funds.

Oshkosh shares rise 0.1%

Oshkosh stock opened at $105.97 on Friday. The company has a market cap of $6.93 billion, a P/E ratio of 10.14, a PEG ratio of 1.07 and a beta of 1.22. The company has liquidity of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a twelve-month low of $84.60 and a twelve-month high of $127.98. The stock’s 50-day moving average is $112.20 and its 200-day moving average is $112.85.

Oshkosh (NYSE:OSK – Get Free Report) last released its quarterly earnings results on Thursday, April 25. The company reported earnings per share of $2.89 for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company posted revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company posted earnings per share of $1.59. Oshkosh’s revenue grew 12.2% year-over-year. As a group, equities analysts expect Oshkosh Co. to report earnings per share of $11.21 for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28. Shareholders of record on Monday, May 13 were paid a dividend of $0.46 per share. The ex-dividend date was Friday, May 10. This represents an annualized dividend of $1.84 and a yield of 1.74%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Wall Street analysts predict growth

Several brokerage firms have recently commented on OSK. StockNews.com downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, April 26. Stifel Nicolaus raised their price target on Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, April 26. JPMorgan Chase & Co. raised their price target on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16. Truist Financial decreased their price target on Oshkosh from $132.00 to $123.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Robert W. Baird raised their price target on Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, May 10. One analyst has rated the stock with a sell rating, seven have given a hold rating, and ten have given a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.69.

Read our latest analysis on OSK

About Oshkosh

(Free report)

Oshkosh Corporation provides specialty vehicles and equipment worldwide. The company operates in three segments: Access, Defense and Professional. The Access Equipment segment designs and manufactures aerial work platforms and telehandlers for use in construction, industrial and maintenance applications; it offers financing and leasing solutions, including rental fleet loans, leasing, and floor plan and retail financing; and towing and recovery equipment, including carriers, tow trucks and rotators; it also offers equipment installation and the sale of chassis and service parts.

Selected items

Institutional ownership by quarter for Oshkosh (NYSE:OSK)



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