Corebridge Financial Inc. reduced its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,624 shares of the company's stock after selling 3,344 shares during the quarter. Corebridge Financial Inc. owned about 0.11% of Oshkosh worth $6,999,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of OSK. Vanguard Group Inc. increased its stake in Oshkosh by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock valued at $774,035,000 after purchasing an additional 176,400 shares in the last quarter. Greenhaven Associates Inc. increased its position in shares of Oshkosh by 0.6% in the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company's stock valued at $242,629,000 after buying an additional 15,622 shares in the last quarter. American Century Companies Inc. lifted its holdings in Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after acquiring an additional 384,141 shares in the last quarter. FMR LLC grew its stake in Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company's stock valued at $122,646,000 after acquiring an additional 39,235 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Oshkosh by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company's stock worth $109,250,000 after acquiring an additional 10,357 shares in the last quarter. 92.36% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have weighed in on OSK. UBS Group lifted their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. KeyCorp lifted their price target on Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Morgan Stanley increased their price objective on Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Truist Financial lifted their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $124.38.
Check Out Our Latest Research Report on OSK
Oshkosh Price Performance
Shares of NYSE:OSK traded up $0.18 during midday trading on Wednesday, hitting $94.11. The stock had a trading volume of 85,767 shares, compared to its average volume of 736,869. The company's 50-day moving average price is $101.72 and its 200-day moving average price is $102.23. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $6.07 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.
Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, equities research analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.
Oshkosh Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.51 dividend. This is an increase from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 2.17%. Oshkosh's dividend payout ratio is presently 19.71%.
Oshkosh Company Profile
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Free Report)
Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.
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