Callan Capital LLC Buys Shares of 3,377 Oshkosh Co. (NYSE:OSK)

Callan Capital LLC purchased a new position in shares of Oshkosh Co. (NYSE:OSK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,377 shares of the company’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OSK. CWM LLC lifted its position in shares of Oshkosh by 18.8% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $218,000 after purchasing an additional 362 shares during the period. SG Americas Securities LLC bought a new position in shares of Oshkosh during the 3rd quarter worth approximately $1,325,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Oshkosh during the 3rd quarter valued at $86,000. Commonwealth Equity Services LLC boosted its stake in Oshkosh by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 28,652 shares of the company’s stock worth $2,734,000 after acquiring an additional 2,226 shares in the last quarter. Finally, FinTrust Capital Advisors LLC bought a new position in Oshkosh during the third quarter worth $191,000. 92.36% of the stock is currently owned by institutional investors.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OSK. TheStreet upgraded shares of Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. StockNews.com upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Morgan Stanley initiated coverage on shares of Oshkosh in a research report on Monday, January 8th. They issued an “equal weight” rating and a $102.00 price target for the company. Evercore ISI raised their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group lifted their price target on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average target price of $123.50.

Oshkosh Stock Performance

Oshkosh stock traded down $1.11 during midday trading on Friday, reaching $117.58. The stock had a trading volume of 965,198 shares, compared to its average volume of 507,017. The firm has a market capitalization of $7.71 billion, a PE ratio of 12.95, a P/E/G ratio of 1.54 and a beta of 1.29. Oshkosh Co. has a 12 month low of $72.09 and a 12 month high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $117.49 and its 200 day moving average price is $107.07.

Oshkosh (NYSE:OSK) last posted its earnings results 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 firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 earnings per share. As a group, research analysts predict that Oshkosh Co. will post 10.33 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio is presently 20.26%.

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.