Hsbc Holdings PLC purchased a new position in Oshkosh Corporation (NYSE:OSK – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 8,619 shares of the company’s stock, valued at approximately $1,329,000.
Other institutional investors have also recently made changes to their positions in the company. Tower View Wealth Management LLC purchased a new stake in shares of Oshkosh during the 1st quarter valued at $29,000. Fiduciary Financial Advisors bought a new stake in shares of Oshkosh during the 2nd quarter worth $38,000. Whittier Trust Co. grew its position in Oshkosh by 33.7% in the first quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after acquiring an additional 94 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Oshkosh in the fourth quarter worth $51,000. Finally, Global Retirement Partners LLC increased its stake in Oshkosh by 284.9% in the fourth quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock valued at $51,000 after acquiring an additional 302 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.
Oshkosh Stock Performance
NYSE OSK opened at $154.46 on Tuesday. The company has a 50-day simple moving average of $149.59 and a two-hundred day simple moving average of $147.82. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.94 and a beta of 1.25.
Oshkosh Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given 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 dividend payout ratio (DPR) is presently 26.09%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Evercore restated an “outperform” rating and set a $181.00 price target on shares of Oshkosh in a research report on Monday, May 11th. Weiss Ratings upgraded Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. DA Davidson increased their price objective on Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Morgan Stanley decreased their price objective on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Finally, Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Friday, August 21st. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.71.
Read Our Latest Stock Report on Oshkosh
About Oshkosh
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.
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