Carolina Wealth Advisors LLC Grows Stock Holdings in Oshkosh Co. (NYSE:OSK)

Carolina Wealth Advisors LLC raised its position in shares of Oshkosh Co. (NYSE:OSK) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,062 shares of the company’s stock after purchasing an additional 146 shares during the period. Carolina Wealth Advisors LLC’s holdings in Oshkosh were worth $576,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in OSK. V Square Quantitative Management LLC purchased a new position in Oshkosh during the 3rd quarter valued at about $25,000. Brooklyn Investment Group bought a new position in Oshkosh during the 3rd quarter valued at approximately $34,000. International Assets Investment Management LLC raised its position in 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 purchasing an additional 893 shares during the last quarter. Venturi Wealth Management LLC raised its position in Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after purchasing an additional 262 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Robert W. Baird reduced their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Truist Financial upped their price target on Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. UBS Group cut their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, Citigroup cut their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $122.31.

Oshkosh Price Performance

Shares of OSK opened at $94.03 on Thursday. The firm has a market capitalization of $6.12 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The company’s fifty day moving average price is $102.45 and its 200-day moving average price is $103.59.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. On average, equities research analysts predict that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.96%. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

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.