Penn Capital Management Co. Inc. trimmed its holdings in Oshkosh Corp (NYSE:OSK) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,964 shares of the company’s stock after selling 15,530 shares during the period. Penn Capital Management Co. Inc.’s holdings in Oshkosh were worth $5,440,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in Oshkosh in the 4th quarter worth about $130,000. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Oshkosh in the 4th quarter valued at about $203,000. Rothschild Investment Corp IL acquired a new position in shares of Oshkosh in the 4th quarter valued at about $218,000. Essex Financial Services Inc. acquired a new position in shares of Oshkosh in the 4th quarter valued at about $218,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Oshkosh in the 3rd quarter valued at about $208,000. 93.08% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Oshkosh from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, January 26th. KeyCorp reaffirmed a “buy” rating and issued a $104.00 price objective on shares of Oshkosh in a research note on Friday, January 26th. SunTrust Banks reaffirmed a “buy” rating on shares of Oshkosh in a research note on Friday, January 26th. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Oshkosh in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $94.54.
Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.55 by $0.29. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.43 billion. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The company’s revenue was up 31.0% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. research analysts predict that Oshkosh Corp will post 5.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 12th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.13%. Oshkosh’s payout ratio is currently 22.64%.
In related news, VP Colleen R. Moynihan sold 5,325 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $85.85, for a total transaction of $457,151.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP R Scott Grennier sold 900 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $86.18, for a total value of $77,562.00. Following the sale, the vice president now owns 3,581 shares in the company, valued at $308,610.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,386 shares of company stock worth $2,988,535. Company insiders own 2.00% of the company’s stock.
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Oshkosh Company Profile
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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