Kingsview Wealth Management LLC purchased a new position in Oshkosh Corporation (NYSE:OSK – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 38,507 shares of the company’s stock, valued at approximately $5,910,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSK. Thrivent Financial for Lutherans boosted its position in Oshkosh by 1,945.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 425,600 shares of the company’s stock valued at $53,468,000 after buying an additional 404,788 shares during the last quarter. Expect Equity LLC purchased a new position in Oshkosh during the 2nd quarter worth approximately $3,565,000. Y Intercept Hong Kong Ltd raised its position in Oshkosh by 84.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,593 shares of the company’s stock worth $8,037,000 after buying an additional 25,037 shares during the last quarter. California State Teachers Retirement System lifted its stake in Oshkosh by 21.9% during the 1st quarter. California State Teachers Retirement System now owns 74,153 shares of the company’s stock valued at $10,916,000 after acquiring an additional 13,344 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Oshkosh by 0.9% in the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock valued at $240,427,000 after acquiring an additional 17,944 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.
Oshkosh Stock Down 1.5%
OSK opened at $154.37 on Friday. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The company has a fifty day moving average of $149.34 and a two-hundred day moving average of $148.14. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.96 and a beta of 1.25.
Oshkosh Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, August 13th. Oshkosh’s payout ratio is 26.09%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st. Evercore reaffirmed an “outperform” rating and set a $181.00 price target on shares of Oshkosh in a research report on Monday, May 11th. Robert W. Baird boosted their price objective on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley lowered their target price on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $170.71.
Get Our Latest Report on Oshkosh
Oshkosh Company Profile
Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.
Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.
Further Reading
- Five stocks we like better than Oshkosh
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corporation (NYSE:OSK – Free Report).
Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.
