Hennessy Advisors Inc. Grows Stock Position in Oshkosh Co. (NYSE:OSK)

Hennessy Advisors Inc. increased its position in shares of Oshkosh Co. (NYSE:OSK) by 14.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 251,800 shares of the company’s stock after buying an additional 31,100 shares during the quarter. Oshkosh comprises approximately 1.3% of Hennessy Advisors Inc.’s portfolio, making the stock its 19th largest position. Hennessy Advisors Inc. owned about 0.38% of Oshkosh worth $31,402,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State of Michigan Retirement System raised its position in shares of Oshkosh by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 15,708 shares of the company’s stock valued at $1,703,000 after buying an additional 100 shares during the period. Venturi Wealth Management LLC raised its position in shares of Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after buying an additional 111 shares during the period. Tributary Capital Management LLC raised its position in shares of Oshkosh by 2.0% during the 4th quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock valued at $754,000 after buying an additional 135 shares during the period. Atlas Capital Advisors LLC raised its position in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 139 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Oshkosh by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 28,628 shares of the company’s stock valued at $2,732,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on OSK. Citigroup began coverage on shares of Oshkosh in a report on Wednesday. They issued a “buy” rating and a $130.00 target price for the company. Raymond James began coverage on shares of Oshkosh in a report on Friday. They issued an “outperform” rating and a $125.00 target price for the company. Robert W. Baird lifted their target price on shares of Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, May 10th. DA Davidson upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and lifted their target price for the company from $122.00 to $130.00 in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.25.

Oshkosh Stock Up 1.4 %

Shares of Oshkosh stock traded up $1.50 during trading on Friday, hitting $106.89. 401,449 shares of the stock were exchanged, compared to its average volume of 480,518. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.04 and a beta of 1.26. The firm’s 50-day moving average price is $113.52 and its 200 day moving average price is $112.77. Oshkosh Co. has a 12-month low of $83.25 and a 12-month high of $127.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. As a group, analysts forecast that Oshkosh Co. will post 11.17 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a dividend of $0.46 per share. The ex-dividend date was Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.72%. Oshkosh’s dividend payout ratio (DPR) is currently 17.61%.

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.