Twin Tree Management LP Invests $41,000 in Oshkosh Co. (NYSE:OSK)

Twin Tree Management LP acquired a new position in shares of Oshkosh Co. (NYSE:OSK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 435 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds also recently made changes to their positions in the stock. Greenhaven Associates Inc. raised its position in shares of Oshkosh by 0.6% during the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after acquiring an additional 15,622 shares during the last quarter. FMR LLC raised its position in shares of Oshkosh by 3.3% during the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after acquiring an additional 39,235 shares during the last quarter. Geode Capital Management LLC increased its holdings in Oshkosh by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock worth $109,250,000 after purchasing an additional 10,357 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Oshkosh by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after purchasing an additional 4,974 shares in the last quarter. Finally, Equity Investment Corp increased its holdings in Oshkosh by 1.7% in the fourth quarter. Equity Investment Corp now owns 598,972 shares of the company’s stock worth $56,944,000 after purchasing an additional 10,088 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OSK has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Bank of America boosted their price objective on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Morgan Stanley boosted their price objective on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Truist Financial boosted their price objective on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, UBS Group boosted their price objective on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $124.38.

Oshkosh Stock Performance

NYSE:OSK opened at $97.36 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.45 and a beta of 1.21. The business’s fifty day moving average is $101.21 and its 200 day moving average is $102.43.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Research analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.51 dividend. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio is currently 19.71%.

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.