Murphy Middleton Hinkle & Parker Inc. Purchases Shares of 33,293 Oshkosh Corporation $OSK

Murphy Middleton Hinkle & Parker Inc. acquired a new stake in Oshkosh Corporation (NYSE:OSK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,293 shares of the company’s stock, valued at approximately $4,183,000. Oshkosh makes up approximately 1.2% of Murphy Middleton Hinkle & Parker Inc.’s holdings, making the stock its 14th biggest position. Murphy Middleton Hinkle & Parker Inc. owned 0.05% of Oshkosh as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in Oshkosh by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after purchasing an additional 68,165 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Oshkosh by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock valued at $17,705,000 after purchasing an additional 14,122 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Oshkosh in the 1st quarter valued at approximately $567,000. Sivia Capital Partners LLC acquired a new position in shares of Oshkosh in the 2nd quarter worth approximately $325,000. Finally, SG Americas Securities LLC raised its holdings in shares of Oshkosh by 126.0% in the 2nd quarter. SG Americas Securities LLC now owns 3,445 shares of the company’s stock worth $391,000 after buying an additional 1,921 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $144.94 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $159.30 and a 200 day simple moving average of $140.79. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $180.49. The firm has a market cap of $9.07 billion, a P/E ratio of 14.47, a P/E/G ratio of 0.72 and a beta of 1.37.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data 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 firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 EPS. Sell-side analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. Oshkosh’s payout ratio is currently 22.75%.

Insider Transactions at Oshkosh

In related 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 transaction, the senior vice president owned 13,577 shares in the company, valued at $2,295,463.39. This trade represents a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OSK has been the topic of several recent analyst reports. Argus decreased their price target on Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Wells Fargo & Company lifted their price objective on Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Raymond James Financial reiterated an “outperform” rating and set a $175.00 target price on shares of Oshkosh in a research report on Monday, March 2nd. UBS Group boosted their price target on shares of Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Finally, Robert W. Baird set a $182.00 price objective on shares of Oshkosh in a research note on Friday, January 30th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.31.

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.