HM Payson & Co. Raises Stock Holdings in Oshkosh Co. (NYSE:OSK)

HM Payson & Co. increased its stake in shares of Oshkosh Co. (NYSE:OSK) by 77.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,640 shares of the company’s stock after purchasing an additional 2,024 shares during the quarter. HM Payson & Co.’s holdings in Oshkosh were worth $465,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in OSK. Vanguard Group Inc. lifted its stake in shares of Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after purchasing an additional 718,122 shares during the last quarter. American Century Companies Inc. increased its position in Oshkosh by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after buying an additional 235,496 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after buying an additional 233,218 shares in the last quarter. M&G Plc acquired a new position in Oshkosh during the 1st quarter valued at about $15,102,000. Finally, Renaissance Technologies LLC acquired a new position in Oshkosh during the 2nd quarter valued at about $11,368,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OSK. Truist Financial reduced their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Jefferies Financial Group reduced their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Evercore ISI reduced their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Stifel Nicolaus reduced their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Robert W. Baird reduced their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Oshkosh has a consensus rating of “Hold” and a consensus price target of $123.14.

Oshkosh Stock Up 0.9 %

Shares of OSK opened at $103.19 on Friday. Oshkosh Co. has a 52 week low of $90.07 and a 52 week high of $127.98. The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 1.04 and a beta of 1.19. The stock’s 50-day moving average price is $102.73 and its 200-day moving average price is $107.70.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. On average, sell-side analysts predict that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.78%. Oshkosh’s dividend payout ratio is currently 17.86%.

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.