Dynamic Technology Lab Private Ltd Makes New Investment in Oshkosh Corporation $OSK

Dynamic Technology Lab Private Ltd purchased a new stake in Oshkosh Corporation (NYSE:OSK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,970 shares of the company’s stock, valued at approximately $2,979,000. Oshkosh comprises approximately 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 17th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new stake in Oshkosh in the third quarter valued at approximately $26,000. Blue Trust Inc. increased its position in Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares during the period. SJS Investment Consulting Inc. raised its holdings in 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 purchasing an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Oshkosh in the 3rd quarter worth approximately $29,000. Finally, Quent Capital LLC bought a new stake in shares of Oshkosh in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OSK shares. Wells Fargo & Company increased their price objective on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. Barclays initiated coverage on Oshkosh in a report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price target for the company. Finally, Sanford C. Bernstein lifted their price objective on Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.69.

Oshkosh Stock Performance

NYSE:OSK opened at $154.61 on Friday. 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 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 $156.83 and a 200-day moving average of $140.13. The firm has a market capitalization of $9.67 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.78 and a beta of 1.37.

Oshkosh (NYSE:OSK) last issued 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). The company had revenue of $2.69 billion for 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 firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.58 earnings per share. As a group, sell-side analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.57 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s payout ratio is currently 22.75%.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the sale, the senior vice president directly owned 13,577 shares in the company, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

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.