Klein Pavlis & Peasley Financial Inc. Buys Shares of 7,918 Oshkosh Co. (NYSE:OSK)

Klein Pavlis & Peasley Financial Inc. bought a new position in Oshkosh Co. (NYSE:OSK) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,918 shares of the company’s stock, valued at approximately $753,000.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Oshkosh during the third quarter worth about $25,000. Blue Trust Inc. grew its stake in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the period. Hager Investment Management Services LLC purchased a new stake in shares of Oshkosh in the 4th quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new stake in shares of Oshkosh during the 3rd quarter worth approximately $34,000. Finally, International Assets Investment Management LLC raised its position in shares of Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after buying an additional 893 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

OSK stock opened at $110.67 on Thursday. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.97 and a beta of 1.22. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $99.67 and a 200 day moving average price of $103.06.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating 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%. Equities research analysts anticipate that Oshkosh Co. will post 11 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.84%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is 17.78%.

Analyst Ratings Changes

A number of research firms have recently weighed in on OSK. Citigroup lowered their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Morgan Stanley increased their target price on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday. Truist Financial boosted their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, UBS Group boosted their target price on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

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.