Heck Capital Advisors LLC Takes Position in Oshkosh Co. (NYSE:OSK)

Heck Capital Advisors LLC bought a new position in Oshkosh Co. (NYSE:OSK) during the fourth quarter, HoldingsChannel reports. The firm bought 1,200 shares of the company’s stock, valued at approximately $114,000.

Several other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after buying an additional 28,478 shares in the last quarter. Virtu Financial LLC bought a new position in Oshkosh in the 3rd quarter valued at about $504,000. Barclays PLC boosted its stake in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after purchasing an additional 32,435 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after purchasing an additional 7,334 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of Oshkosh by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after purchasing an additional 4,680 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Up 2.7 %

Shares of NYSE OSK opened at $116.30 on Monday. The business’s fifty day moving average price is $99.78 and its 200-day moving average price is $102.95. Oshkosh Co. has a one year low of $89.08 and a one year high of $127.98. The stock has a market capitalization of $7.57 billion, a PE ratio of 11.29, a P/E/G ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, equities research analysts anticipate that Oshkosh Co. will post 11.34 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.75%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is currently 19.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on OSK. Citigroup cut their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. KeyCorp upped their target price on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial raised their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research report on Friday. UBS Group decreased their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Raymond James boosted their target price on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.25.

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.