Twin Tree Management LP Makes New Investment in Oshkosh Co. (NYSE:OSK)

Twin Tree Management LP bought a new position in Oshkosh Co. (NYSE:OSK) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 435 shares of the company’s stock, valued at approximately $41,000.

A number of other institutional investors have also added to or reduced their stakes in OSK. Blue Trust Inc. boosted its holdings in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Oshkosh in the 4th quarter worth about $32,000. Brooklyn Investment Group purchased a new position in shares of Oshkosh in the 3rd quarter worth about $34,000. Proficio Capital Partners LLC purchased a new position in shares of Oshkosh in the 4th quarter worth about $34,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after purchasing an additional 157 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial increased their target price on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday, January 31st. 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 report on Wednesday. Raymond James increased their target price on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Bank of America increased their target price on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Finally, Citigroup dropped their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and an average price target of $124.38.

Oshkosh Stock Up 1.9 %

Shares of NYSE:OSK opened at $97.36 on Thursday. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The firm has a market capitalization of $6.28 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.45 and a beta of 1.21. The stock has a 50 day moving average price of $101.21 and a 200-day moving average price of $102.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK) last announced its earnings results 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 return on equity of 19.31% and a net margin of 6.34%. As a group, equities research analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.10%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is currently 19.71%.

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.