Fortress Financial Group LLC Takes $206,000 Position in Oshkosh Co. (NYSE:OSK)

Fortress Financial Group LLC acquired a new position in Oshkosh Co. (NYSE:OSK) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,162 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently made changes to their positions in OSK. Raymond James & Associates grew its stake in shares of Oshkosh by 2.0% in the third quarter. Raymond James & Associates now owns 77,269 shares of the company’s stock valued at $7,743,000 after buying an additional 1,537 shares in the last quarter. International Assets Investment Management LLC increased its stake in Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after purchasing an additional 893 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Oshkosh by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,605 shares of the company’s stock worth $762,000 after purchasing an additional 510 shares in the last quarter. HM Payson & Co. grew its holdings in shares of Oshkosh by 77.4% in the third quarter. HM Payson & Co. now owns 4,640 shares of the company’s stock valued at $465,000 after purchasing an additional 2,024 shares in the last quarter. Finally, EMC Capital Management increased its stake in Oshkosh by 163.2% during the 3rd quarter. EMC Capital Management now owns 6,030 shares of the company’s stock worth $604,000 after buying an additional 3,739 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on OSK shares. UBS Group raised their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Citigroup lowered their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Evercore ISI upped their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Robert W. Baird decreased their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $126.23.

Oshkosh Price Performance

Shares of NYSE OSK opened at $101.48 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company has a market cap of $6.55 billion, a PE ratio of 9.80, a P/E/G ratio of 1.45 and a beta of 1.22. The stock has a fifty day moving average price of $100.43 and a 200 day moving average price of $103.15. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) 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%. Sell-side analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a $0.51 dividend. The ex-dividend date is Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.01%. Oshkosh’s payout ratio is 19.71%.

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.