Vaughan Nelson Investment Management L.P. Buys New Position in Oshkosh Co. (NYSE:OSK)

Vaughan Nelson Investment Management L.P. purchased a new position in Oshkosh Co. (NYSE:OSK) during the 4th quarter, Holdings Channel reports. The fund purchased 244,920 shares of the company’s stock, valued at approximately $23,285,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. V Square Quantitative Management LLC bought a new position in Oshkosh in the 3rd quarter worth $25,000. Blue Trust Inc. increased its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Oshkosh in the fourth quarter worth about $32,000. Brooklyn Investment Group purchased a new position in shares of Oshkosh during the 3rd quarter valued at about $34,000. Finally, International Assets Investment Management LLC grew its stake in shares of Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after acquiring an additional 893 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. UBS Group lifted their target price on shares of Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Raymond James increased their price target on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Citigroup lowered their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial increased their target price on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus price target of $125.00.

Oshkosh Stock Performance

NYSE:OSK opened at $110.44 on Monday. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.89 and a beta of 1.23. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The stock’s 50 day simple moving average is $99.58 and its two-hundred day simple moving average is $103.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate 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 analysts anticipate that Oshkosh Co. will post 10.95 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a $0.51 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.85%. Oshkosh’s dividend payout ratio (DPR) is presently 17.78%.

About Oshkosh

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.