IFG Advisory LLC Acquires 10,849 Shares of Oshkosh Co. (NYSE:OSK)

IFG Advisory LLC boosted its holdings in shares of Oshkosh Co. (NYSE:OSK) by 32.6% during the 4th quarter, Holdings Channel reports. The firm owned 44,178 shares of the company’s stock after buying an additional 10,849 shares during the period. IFG Advisory LLC’s holdings in Oshkosh were worth $4,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in Oshkosh by 1,374.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock worth $27,877,000 after acquiring an additional 239,707 shares during the last quarter. Tributary Capital Management LLC increased its position in shares of Oshkosh by 2.0% during the 4th quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock valued at $754,000 after purchasing an additional 135 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Oshkosh by 80.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,823 shares of the company’s stock valued at $1,065,000 after purchasing an additional 4,366 shares during the last quarter. Raymond James & Associates increased its position in shares of Oshkosh by 26.9% during the 4th quarter. Raymond James & Associates now owns 72,470 shares of the company’s stock valued at $7,856,000 after purchasing an additional 15,358 shares during the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in Oshkosh during the 4th quarter valued at $736,000. Institutional investors own 92.36% of the company’s stock.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on OSK shares. Morgan Stanley started coverage on Oshkosh in a report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price objective for the company. UBS Group upped their price objective on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $122.00 to $130.00 in a research note on Friday, March 1st. Citigroup upped their target price on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus increased their price objective on Oshkosh from $115.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and an average target price of $117.94.

Oshkosh Stock Performance

Shares of OSK stock opened at $123.54 on Thursday. The company has a market capitalization of $8.10 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.57 and a beta of 1.28. The business’s 50 day moving average is $112.36 and its two-hundred day moving average is $103.18. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a 12-month low of $72.09 and a 12-month high of $123.62.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.32. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. Oshkosh’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share. Analysts expect that Oshkosh Co. will post 10.3 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were paid a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.49%. Oshkosh’s payout ratio is currently 20.26%.

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.