Hennion & Walsh Asset Management Inc. Invests $236,000 in Oshkosh Co. (NYSE:OSK)

Hennion & Walsh Asset Management Inc. purchased a new position in Oshkosh Co. (NYSE:OSK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,894 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors have also recently made changes to their positions in OSK. LSV Asset Management boosted its stake in shares of Oshkosh by 410.6% in the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock worth $200,384,000 after acquiring an additional 1,486,402 shares during the last quarter. Norges Bank purchased a new position in Oshkosh during the fourth quarter worth approximately $83,524,000. Assenagon Asset Management S.A. lifted its position in Oshkosh by 1,374.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock worth $27,877,000 after buying an additional 239,707 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in Oshkosh during the fourth quarter worth approximately $23,926,000. Finally, Vanguard Group Inc. lifted its position in Oshkosh by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock worth $773,014,000 after buying an additional 219,375 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Up 0.1 %

Oshkosh stock opened at $105.97 on Friday. The firm has a market capitalization of $6.93 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.07 and a beta of 1.22. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a twelve month low of $84.60 and a twelve month high of $127.98. The stock’s fifty day simple moving average is $112.20 and its 200-day simple moving average is $112.85.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.63. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the business earned $1.59 EPS. Oshkosh’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts expect that Oshkosh Co. will post 11.21 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, May 10th. This represents a $1.84 annualized dividend and a yield of 1.74%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OSK. StockNews.com downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Stifel Nicolaus lifted their price objective on Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their target price on Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Truist Financial reduced their target price on Oshkosh from $132.00 to $123.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird lifted their target price on Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.69.

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.