Merit Financial Group LLC Acquires 259 Shares of Oshkosh Co. (NYSE:OSK)

Merit Financial Group LLC raised its holdings in shares of Oshkosh Co. (NYSE:OSK) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,040 shares of the company’s stock after acquiring an additional 259 shares during the period. Merit Financial Group LLC’s holdings in Oshkosh were worth $384,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh during the 3rd quarter worth about $25,000. Brooklyn Investment Group acquired a new position in Oshkosh during the third quarter valued at approximately $34,000. International Assets Investment Management LLC increased its stake in Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Oshkosh by 35.5% in the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares during the period. Finally, KBC Group NV boosted its position in shares of Oshkosh by 15.2% during the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $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.

Analysts Set New Price Targets

Several brokerages recently commented on OSK. Truist Financial dropped their price objective on Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Citigroup decreased their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. UBS Group cut their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, KeyCorp raised shares of Oshkosh from a “sector weight” rating to an “overweight” rating and set a $113.00 price objective for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Oshkosh presently has an average rating of “Hold” and a consensus price target of $121.14.

Oshkosh Stock Up 1.3 %

OSK stock opened at $97.48 on Friday. Oshkosh Co. has a twelve month low of $89.08 and a twelve month high of $127.98. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.01 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $100.33 and a two-hundred day moving average price of $103.16.

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

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.89%. Oshkosh’s dividend payout ratio (DPR) 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.