VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Oshkosh Corporation (NYSE:OSK – Free Report) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,700 shares of the company’s stock after acquiring an additional 3,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Oshkosh were worth $3,311,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Oshkosh during the 2nd quarter valued at about $913,816,000. Bank of America Corp DE purchased a new position in shares of Oshkosh during the 2nd quarter valued at about $135,656,000. Bank of New York Mellon Corp bought a new stake in Oshkosh in the 2nd quarter worth approximately $92,996,000. Equity Investment Corp bought a new stake in Oshkosh in the 2nd quarter worth approximately $91,735,000. Finally, Pzena Investment Management LLC bought a new stake in Oshkosh in the 2nd quarter worth approximately $63,812,000. Institutional investors own 92.36% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. DA Davidson decreased their price target on shares of Oshkosh from $168.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday. Zacks Research lowered shares of Oshkosh from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Citigroup boosted their price objective on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $161.00 price objective (down from $174.00) on shares of Oshkosh in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $165.29.
Read Our Latest Stock Report on OSK
Insider Buying and Selling at Oshkosh
In other news, Director John Pfeifer sold 778 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the transaction, the director directly owned 150,669 shares of the company’s stock, valued at approximately $22,600,350. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.
Oshkosh Stock Performance
Oshkosh stock opened at $145.10 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $139.58 and a 200-day moving average of $146.37. The firm has a market cap of $8.96 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.05 and a beta of 1.26. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49.
Oshkosh (NYSE:OSK – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.06 by ($0.65). Oshkosh had a return on equity of 12.95% and a net margin of 5.24%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $3.20 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts expect that Oshkosh Corporation will post 8.94 EPS for the current year.
Oshkosh Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.57 dividend. The ex-dividend date is Monday, November 16th. This represents a $2.28 annualized dividend and a yield of 1.6%. Oshkosh’s dividend payout ratio (DPR) is 28.79%.
Oshkosh Company Profile
Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.
Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.
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