Towle & Co. Invests $7.13 Million in Oshkosh Corporation $OSK

Towle & Co. purchased a new position in shares of Oshkosh Corporation (NYSE:OSK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 54,966 shares of the company’s stock, valued at approximately $7,129,000. Towle & Co. owned 0.09% of Oshkosh at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in Oshkosh in the third quarter worth about $26,000. Blue Trust Inc. raised its holdings in shares of Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after buying an additional 179 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in Oshkosh during the 3rd quarter valued at $29,000. Finally, Whittier Trust Co. grew its position in Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after acquiring an additional 114 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. Bank of America raised shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price target on the stock in a research note on Tuesday, February 3rd. Zacks Research cut shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Finally, Sanford C. Bernstein lifted their price target on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.60.

Oshkosh Price Performance

NYSE OSK opened at $175.80 on Friday. The company has a market cap of $11.00 billion, a PE ratio of 17.54, a P/E/G ratio of 0.86 and a beta of 1.43. The firm’s 50 day moving average price is $148.96 and its 200-day moving average price is $137.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $180.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $2.58 EPS. Sell-side analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of $0.57 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.3%. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.