Nkcfo LLC Buys Shares of 22,560 Oshkosh Corporation $OSK

Nkcfo LLC bought a new position in shares of Oshkosh Corporation (NYSE:OSK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,560 shares of the company’s stock, valued at approximately $2,926,000. Oshkosh comprises about 0.9% of Nkcfo LLC’s holdings, making the stock its 28th biggest position.

A number of other large investors also recently modified their holdings of the company. Sivia Capital Partners LLC boosted its holdings in shares of Oshkosh by 2.8% during the 3rd quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock valued at $382,000 after acquiring an additional 81 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Oshkosh by 3.1% during the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock valued at $324,000 after purchasing an additional 87 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Oshkosh by 6.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after purchasing an additional 100 shares during the last quarter. First Business Financial Services Inc. grew its holdings in shares of Oshkosh by 0.9% during the third quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock worth $1,536,000 after purchasing an additional 103 shares during the last quarter. Finally, Brighton Jones LLC increased its stake in shares of Oshkosh by 1.9% in the third quarter. Brighton Jones LLC now owns 6,212 shares of the company’s stock valued at $806,000 after buying an additional 114 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on OSK. Truist Financial set a $183.00 target price on shares of Oshkosh in a research report on Friday, January 30th. Argus dropped their price target on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Finally, Wall Street Zen raised Oshkosh from a “hold” rating to a “buy” rating in a research report on Saturday. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.60.

Oshkosh Trading Up 0.8%

OSK opened at $176.90 on Tuesday. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $180.49. The company has a fifty day moving average of $149.89 and a 200-day moving average of $138.26. The stock has a market cap of $11.07 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24.

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

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio is currently 22.75%.

Oshkosh Profile

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.