Geode Capital Management LLC grew its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,130,190 shares of the company's stock after buying an additional 40,260 shares during the period. Geode Capital Management LLC owned 1.74% of Oshkosh worth $107,479,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its position in Oshkosh by 16.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,562 shares of the company's stock worth $244,000 after buying an additional 371 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Oshkosh in the fourth quarter worth approximately $3,860,000. Norges Bank purchased a new stake in Oshkosh in the fourth quarter valued at approximately $72,692,000. Congress Wealth Management LLC DE grew its stake in Oshkosh by 9.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 6,181 shares of the company's stock worth $588,000 after buying an additional 555 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock valued at $774,035,000 after buying an additional 176,400 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.
Oshkosh Stock Down 0.4 %
Oshkosh stock traded down $0.34 during trading hours on Tuesday, hitting $85.87. 62,584 shares of the stock traded hands, compared to its average volume of 588,368. Oshkosh Co. has a one year low of $76.82 and a one year high of $125.00. The company has a market cap of $5.55 billion, a PE ratio of 8.30, a PEG ratio of 1.45 and a beta of 1.26. The firm's 50-day moving average price is $97.66 and its two-hundred day moving average price is $100.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.
Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, research analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.
Oshkosh Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.38%. This is an increase from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio is presently 19.71%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on OSK shares. The Goldman Sachs Group dropped their price target on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. lowered their price objective on shares of Oshkosh from $117.00 to $100.00 and set a "neutral" rating for the company in a report on Monday. Morgan Stanley lifted their target price on shares of Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. Truist Financial reduced their price objective on Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Evercore ISI raised their price target on Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $116.08.
Read Our Latest Analysis on Oshkosh
Oshkosh Profile
(
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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