Eagle Asset Management Inc. Makes New Investment in Oshkosh Co. (NYSE:OSK) (2024)

Posted by Defense World Staff on Jun 5th, 2024

Eagle Asset Management Inc. purchased a new stake in Oshkosh Co. (NYSE:OSK – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,369 shares of the company’s stock, valued at approximately $1,449,000.

Other large investors have also made changes to their positions in the company. State of Michigan Retirement System grew its position in Oshkosh by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,708 shares of the company’s stock valued at $1,703,000 after purchasing an additional 100 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after acquiring an additional 111 shares during the last quarter. Tributary Capital Management LLC raised its holdings in Oshkosh by 2.0% during the fourth quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock worth $754,000 after acquiring an additional 135 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in Oshkosh by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 28,628 shares of the company’s stock valued at $2,732,000 after purchasing an additional 150 shares during the last quarter. Finally, Manchester Capital Management LLC grew its stake in Oshkosh by 24.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,330 shares of the company’s stock valued at $144,000 after purchasing an additional 264 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OSK shares. DA Davidson raised Oshkosh from a “neutral” rating to a “buy” rating and increased their price objective for the company from $122.00 to $130.00 in a report on Friday, March 1st. Truist Financial increased their price target on shares of Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Evercore ISI boosted their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Bank of America raised their target price on shares of Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird lifted their price target on Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.94.

Get Our Latest Analysis on Oshkosh

Oshkosh Stock Down 0.7 %

OSK stock opened at $110.71 on Wednesday. Oshkosh Co. has a fifty-two week low of $78.88 and a fifty-two week high of $127.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.09 and a beta of 1.26. The business’s fifty day moving average price is $118.90 and its two-hundred day moving average price is $111.80.

Oshkosh (NYSE:OSK – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the company posted $1.59 earnings per share. Oshkosh’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Oshkosh Co. will post 11.17 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a $0.46 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.66%. Oshkosh’s payout ratio is 17.61%.

Oshkosh Company Profile

(Free Report)

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.

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