Tributary Capital Management LLC Raises Position in Oshkosh Co. (NYSE:OSK)

Tributary Capital Management LLC grew its stake in Oshkosh Co. (NYSE:OSK) by 46.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,715 shares of the company’s stock after purchasing an additional 2,133 shares during the quarter. Tributary Capital Management LLC’s holdings in Oshkosh were worth $638,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Oshkosh during the 3rd quarter valued at $25,000. Brooklyn Investment Group purchased a new stake in shares of Oshkosh in the third quarter valued at about $34,000. International Assets Investment Management LLC lifted its position in shares of Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares during the last quarter. Finally, KBC Group NV grew its position in Oshkosh by 15.2% in the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after purchasing an additional 220 shares in the last quarter. 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 the stock. UBS Group dropped their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Citigroup dropped 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. Robert W. Baird reduced their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial decreased their price objective on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Hold” and an average target price of $121.14.

Oshkosh Trading Up 1.3 %

NYSE:OSK opened at $97.48 on Friday. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The stock’s fifty day moving average price is $100.33 and its two-hundred day moving average price is $103.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The company has a market cap of $6.34 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.01 and a beta of 1.21.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. As a group, analysts expect that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

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.