Fortress Financial Group LLC Acquires New Position in Oshkosh Co. (NYSE:OSK)

Fortress Financial Group LLC bought a new position in shares of Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,162 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the period. Hager Investment Management Services LLC purchased a new stake in Oshkosh during the 4th quarter valued at about $32,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh in the third quarter valued at about $34,000. Proficio Capital Partners LLC acquired a new position in shares of Oshkosh in the fourth quarter valued at about $34,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Down 1.1 %

Shares of NYSE:OSK opened at $101.48 on Friday. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $100.43 and a two-hundred day moving average of $103.15. The stock has a market cap of $6.55 billion, a P/E ratio of 9.80, a PEG ratio of 1.45 and a beta of 1.22.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) 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%. On average, research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.01%. Oshkosh’s dividend payout ratio is currently 19.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OSK. KeyCorp increased their price target on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Bank of America boosted their target price on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Morgan Stanley upped their price target on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, Citigroup decreased their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.23.

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.