Legal & General Group Plc Decreases Stock Position in Oshkosh Co. (NYSE:OSK)

Legal & General Group Plc lowered its stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,689 shares of the company's stock after selling 10,574 shares during the quarter. Legal & General Group Plc owned 0.17% of Oshkosh worth $10,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. raised its holdings in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares in the last quarter. Carolina Wealth Advisors LLC lifted its holdings in shares of Oshkosh by 2.5% in the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock valued at $576,000 after buying an additional 146 shares during the period. Private Advisor Group LLC boosted its stake in shares of Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock valued at $373,000 after buying an additional 152 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after acquiring an additional 157 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in Oshkosh by 11.1% in the fourth quarter. Manchester Capital Management LLC now owns 2,143 shares of the company's stock valued at $204,000 after acquiring an additional 214 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday. UBS Group reduced their price objective on Oshkosh from $137.00 to $97.00 and set a "buy" rating for the company in a report on Monday, April 7th. Raymond James raised their price target on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Bank of America increased their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Finally, Truist Financial reduced their price target on shares of Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $114.62.

Oshkosh Trading Down 0.1 %

Shares of NYSE OSK traded down $0.06 on Friday, reaching $84.42. 420,699 shares of the company traded hands, compared to its average volume of 594,820. The company has a 50 day moving average of $95.56 and a 200 day moving average of $100.56. 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 Co. has a fifty-two week low of $76.82 and a fifty-two week high of $125.00. The stock has a market capitalization of $5.46 billion, a PE ratio of 8.16, a P/E/G ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, equities research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio is 19.71%.

Oshkosh Profile

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.