Delphi Management Inc. MA Has $1.87 Million Position in Oshkosh Co. (NYSE:OSK)

Delphi Management Inc. MA raised its holdings in shares of Oshkosh Co. (NYSE:OSK) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,313 shares of the company’s stock after purchasing an additional 1,362 shares during the quarter. Oshkosh accounts for about 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 7th largest position. Delphi Management Inc. MA’s holdings in Oshkosh were worth $1,873,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Algert Global LLC lifted its holdings in shares of Oshkosh by 9.1% in the 2nd quarter. Algert Global LLC now owns 90,082 shares of the company’s stock worth $9,747,000 after acquiring an additional 7,544 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Oshkosh by 15.9% in the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock worth $66,405,000 after acquiring an additional 85,698 shares during the last quarter. AXA S.A. lifted its holdings in shares of Oshkosh by 16.7% in the 2nd quarter. AXA S.A. now owns 60,518 shares of the company’s stock worth $6,548,000 after acquiring an additional 8,676 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of Oshkosh in the 2nd quarter worth about $458,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Oshkosh in the 2nd quarter worth about $240,000. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Jefferies Financial Group reduced their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Evercore ISI reduced their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Raymond James initiated coverage on shares of Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price target on the stock. Finally, Stifel Nicolaus reduced 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. One investment 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $125.79.

Oshkosh Trading Up 0.0 %

NYSE OSK opened at $100.21 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. The company’s 50-day simple moving average is $103.41 and its two-hundred day simple moving average is $110.65. Oshkosh Co. has a one year low of $86.10 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.69 EPS. Equities analysts forecast that Oshkosh Co. will post 11.62 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

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.