Is Oshkosh Corp (OSK) a Good Stock to Buy?

As industrywide interest jumped, specific money managers have jumped into Oshkosh Corp (NYSE:OSK) headfirst. Anchor Bolt Capital, managed by Robert Polak, established the biggest position in Oshkosh Corp (NYSE:OSK). Anchor Bolt Capital had $24.9 million invested in the company at the end of the quarter. Jim Simons’ Renaissance Technologies also made a $22.7 million investment in the stock during the third quarter. The following funds were also among the new OSK investors: Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Peter Muller’s PDT Partners, and Gregg Moskowitz’s Interval Partners.

Let’s also examine hedge fund activity in other stocks similar to Oshkosh Corp (NYSE:OSK). These stocks are Lancaster Colony Corp. (NASDAQ:LANC), National Instruments Corp (NASDAQ:NATI), PrivateBancorp Inc (NASDAQ:PVTB), and ViaSat, Inc. (NASDAQ:VSAT). All of these stocks’ market caps are similar to OSK’s market cap.

As you can see these stocks had an average of 21 investors with long positions and the average amount invested in these stocks was $763 million. That figure was $262 million in OSK’s case. National Instruments Corp (NASDAQ:NATI) is the most popular stock in this table, while Lancaster Colony Corp. (NASDAQ:LANC) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks Oshkosh Corp (NYSE:OSK) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.