Oshkosh Co. (NYSE:OSK) Position Reduced by Foundry Partners LLC

Foundry Partners LLC lessened its stake in shares of Oshkosh Co. (NYSE:OSK) by 41.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 38,513 shares of the company’s stock after selling 27,368 shares during the period. Foundry Partners LLC owned about 0.06% of Oshkosh worth $3,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of OSK. AE Wealth Management LLC lifted its holdings in shares of Oshkosh by 7.3% in the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after purchasing an additional 127 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Oshkosh by 3.0% in the first quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after purchasing an additional 132 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after purchasing an additional 152 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in shares of Oshkosh by 4.6% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,963 shares of the company’s stock valued at $528,000 after purchasing an additional 220 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Oshkosh by 15.2% in the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Up 1.2 %

NYSE:OSK opened at $109.24 on Friday. Oshkosh Co. has a 1-year low of $93.34 and a 1-year high of $127.98. The company has a 50-day moving average of $104.79 and a 200 day moving average of $106.96. The firm has a market cap of $7.11 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. As a group, research analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OSK. Stifel Nicolaus dropped their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird lowered their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Truist Financial lowered their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Evercore ISI lowered their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $123.14.

Oshkosh Profile

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.