Burns Matteson Capital Management LLC Takes $343,000 Position in Oshkosh Co. (NYSE:OSK)

Burns Matteson Capital Management LLC bought a new position in Oshkosh Co. (NYSE:OSK) during the 4th quarter, Holdings Channel reports. The fund bought 3,610 shares of the company’s stock, valued at approximately $343,000.

Other hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in Oshkosh in the 4th quarter worth approximately $23,285,000. Assenagon Asset Management S.A. increased its position in Oshkosh by 3,329.3% in the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after purchasing an additional 233,218 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Oshkosh by 154.9% during the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after purchasing an additional 97,282 shares in the last quarter. Edgestream Partners L.P. lifted its position in Oshkosh by 704.3% during the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after purchasing an additional 59,566 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in shares of Oshkosh in the 3rd quarter worth $5,375,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OSK. Morgan Stanley upped their target price on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. KeyCorp raised their price objective on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup cut their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. UBS Group increased their price target on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Robert W. Baird cut their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.00.

Oshkosh Stock Down 1.0 %

Shares of NYSE:OSK opened at $110.44 on Monday. 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’s 50 day moving average is $99.58 and its 200 day moving average is $103.03. The stock has a market cap of $7.19 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Sell-side analysts predict 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. Stockholders of record on Monday, February 17th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is presently 17.78%.

Oshkosh Company 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.