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

Posted by Defense World Staff on Apr 10th, 2023

Tributary Capital Management LLC increased its stake in shares of Oshkosh Co. (NYSE:OSK – Get Rating) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,747 shares of the company’s stock after acquiring an additional 275 shares during the period. Tributary Capital Management LLC’s holdings in Oshkosh were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Victory Capital Management Inc. grew its stake in shares of Oshkosh by 4.1% during the 3rd quarter. Victory Capital Management Inc. now owns 2,877,633 shares of the company’s stock worth $202,269,000 after purchasing an additional 113,433 shares during the period. Synovus Financial Corp raised its position in shares of Oshkosh by 3.0% in the third quarter. Synovus Financial Corp now owns 29,944 shares of the company’s stock worth $2,106,000 after acquiring an additional 866 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Oshkosh by 8.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,955 shares of the company’s stock worth $700,000 after acquiring an additional 742 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Oshkosh during the 3rd quarter valued at about $267,000. Finally, Tsfg LLC increased its stake in shares of Oshkosh by 2,616.0% in the 3rd quarter. Tsfg LLC now owns 679 shares of the company’s stock valued at $48,000 after purchasing an additional 654 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Morgan Stanley raised their price objective on Oshkosh from $98.00 to $114.00 and gave the company an “overweight” rating in a report on Wednesday, December 14th. StockNews.com initiated coverage on shares of Oshkosh in a report on Thursday, March 16th. They issued a “buy” rating for the company. Wells Fargo & Company increased their price objective on shares of Oshkosh from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 1st. Credit Suisse Group boosted their target price on shares of Oshkosh from $105.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Finally, The Goldman Sachs Group downgraded shares of Oshkosh from a “buy” rating to a “neutral” rating and set a $94.00 price target for the company. in a research report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.36.

Oshkosh Stock Performance

NYSE OSK opened at $76.38 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.87. The stock’s fifty day moving average is $88.20 and its two-hundred day moving average is $87.17. The firm has a market capitalization of $5.00 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 0.38 and a beta of 1.38. Oshkosh Co. has a fifty-two week low of $69.30 and a fifty-two week high of $106.66.

Oshkosh (NYSE:OSK – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.13). Oshkosh had a net margin of 1.92% and a return on equity of 7.18%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the firm posted $0.09 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. On average, research analysts anticipate that Oshkosh Co. will post 5.52 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Thursday, February 16th were issued a dividend of $0.41 per share. The ex-dividend date was Wednesday, February 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Oshkosh’s previous quarterly dividend of $0.37. Oshkosh’s dividend payout ratio (DPR) is currently 67.77%.

Insider Activity

In related news, SVP Jason P. Baab sold 1,000 shares of the stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $89.00, for a total value of $89,000.00. Following the completion of the transaction, the senior vice president now directly owns 1,352 shares in the company, valued at $120,328. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Oshkosh Company Profile

(Get Rating)

Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.