Oshkosh Corporation $OSK is Greenhaven Associates Inc.’s 6th Largest Position

Greenhaven Associates Inc. cut its holdings in Oshkosh Corporation (NYSE:OSK) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,521,296 shares of the company’s stock after selling 5,310 shares during the period. Oshkosh accounts for about 5.1% of Greenhaven Associates Inc.’s holdings, making the stock its 6th biggest position. Greenhaven Associates Inc. owned 3.99% of Oshkosh worth $316,750,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in OSK. Harbor Capital Advisors Inc. purchased a new stake in shares of Oshkosh in the third quarter valued at $26,000. Blue Trust Inc. lifted its position in Oshkosh by 471.1% during the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after buying an additional 179 shares during the period. SJS Investment Consulting Inc. lifted its position in Oshkosh by 3,014.3% during the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after buying an additional 211 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Oshkosh in the 3rd quarter worth about $29,000. Finally, Quent Capital LLC acquired a new stake in Oshkosh in the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

NYSE OSK opened at $140.32 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $180.49. The firm has a market capitalization of $8.78 billion, a P/E ratio of 14.00, a P/E/G ratio of 0.74 and a beta of 1.37. The business’s 50-day simple moving average is $159.39 and its 200-day simple moving average is $140.70.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the company posted $2.58 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the transaction, the senior vice president owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

OSK has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Oshkosh in a research note on Monday, March 2nd. Wells Fargo & Company boosted their target price on shares of Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a research report on Thursday, January 22nd. Truist Financial set a $183.00 price target on shares of Oshkosh in a research note on Friday, January 30th. Finally, KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.31.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.