Burns Matteson Capital Management LLC Acquires Shares of 3,610 Oshkosh Co. (NYSE:OSK)

Burns Matteson Capital Management LLC bought a new position in Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,610 shares of the company’s stock, valued at approximately $343,000.

A number of other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after acquiring an additional 28,478 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Oshkosh during the third quarter valued at $504,000. Barclays PLC boosted its position in shares of Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after buying an additional 32,435 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Oshkosh by 57.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after buying an additional 7,334 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its position in Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after buying an additional 4,680 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 1.0 %

Shares of NYSE:OSK opened at $110.44 on Monday. The stock has a 50 day moving average of $99.58 and a 200 day moving average of $103.03. The company has a market cap of $7.19 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. Oshkosh Co. has a 12-month low of $89.08 and a 12-month high of $127.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, equities research analysts expect that Oshkosh Co. will post 10.95 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.85%. Oshkosh’s dividend payout ratio (DPR) is currently 17.78%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OSK. Morgan Stanley raised their price target on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. KeyCorp lifted their target price on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Citigroup lowered their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Truist Financial lifted their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their target price on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.00.

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.