Hudson Valley Investment Advisors Inc. ADV Acquires 220 Shares of Oshkosh Co. (NYSE:OSK)

Hudson Valley Investment Advisors Inc. ADV raised its position in Oshkosh Co. (NYSE:OSK) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,963 shares of the company’s stock after acquiring an additional 220 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Oshkosh were worth $528,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of OSK. Franklin Resources Inc. lifted its holdings in Oshkosh by 408.8% during the 4th quarter. Franklin Resources Inc. now owns 64,407 shares of the company’s stock valued at $6,982,000 after buying an additional 51,748 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Oshkosh in the fourth quarter valued at about $1,995,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Oshkosh during the first quarter worth about $1,507,000. Dimensional Fund Advisors LP raised its holdings in Oshkosh by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock valued at $189,473,000 after acquiring an additional 122,786 shares in the last quarter. Finally, M&G Plc acquired a new stake in Oshkosh during the first quarter worth approximately $15,102,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 1.9 %

Shares of Oshkosh stock traded down $1.92 during mid-day trading on Monday, hitting $98.14. 774,527 shares of the stock were exchanged, compared to its average volume of 501,018. The company has a 50-day simple moving average of $108.23 and a 200 day simple moving average of $113.20. The company has a current ratio of 1.44, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a twelve month low of $86.10 and a twelve month high of $127.98. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 1.01 and a beta of 1.22.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.69 earnings per share. Research analysts forecast that Oshkosh Co. will post 11.75 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.87%. Oshkosh’s dividend payout ratio (DPR) is currently 17.61%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America boosted their target price on shares of Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a research note on Tuesday, May 28th. Robert W. Baird raised their price objective on Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. StockNews.com downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Truist Financial upped their price target on Oshkosh from $123.00 to $126.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus reduced their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Oshkosh presently has an average rating of “Hold” and a consensus target price of $125.40.

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.