Bragg Financial Advisors Inc Raises Position in Oshkosh Co. (NYSE:OSK)

Bragg Financial Advisors Inc lifted its stake in Oshkosh Co. (NYSE:OSK) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 230,136 shares of the company’s stock after purchasing an additional 20,828 shares during the quarter. Bragg Financial Advisors Inc owned about 0.35% of Oshkosh worth $21,879,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in Oshkosh by 10.5% during the third quarter. Wellington Management Group LLP now owns 17,477 shares of the company’s stock worth $1,751,000 after buying an additional 1,665 shares during the period. Barclays PLC lifted its holdings in shares of Oshkosh by 40.9% in 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. Geode Capital Management LLC boosted its stake in shares of Oshkosh by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock worth $109,250,000 after purchasing an additional 10,357 shares during the period. Virtu Financial LLC bought a new position in Oshkosh during the 3rd quarter valued at about $504,000. Finally, Sanctuary Advisors LLC raised its position in Oshkosh by 18.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,704 shares of the company’s stock worth $1,473,000 after purchasing an additional 2,340 shares during the period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 1.7 %

Shares of Oshkosh stock opened at $85.94 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.45 and a beta of 1.26. The firm’s 50-day moving average is $98.14 and its two-hundred day moving average is $101.06. Oshkosh Co. has a 1 year low of $76.82 and a 1 year high of $125.00.

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, beating analysts’ consensus estimates 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, research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.51 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.37%. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OSK. The Goldman Sachs Group dropped their target price on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Truist Financial dropped their price objective on Oshkosh from $118.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Raymond James upped their price objective on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Citigroup decreased their target price on Oshkosh from $130.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, KeyCorp cut their price target on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Oshkosh has an average rating of “Hold” and a consensus price target of $117.38.

Oshkosh 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.