Point72 Hong Kong Ltd cut its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 56.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,432 shares of the company's stock after selling 9,677 shares during the quarter. Point72 Hong Kong Ltd's holdings in Oshkosh were worth $745,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh in the 3rd quarter valued at about $25,000. Brooklyn Investment Group bought a new position in Oshkosh in the 3rd quarter valued at about $34,000. Eagle Bay Advisors LLC raised its holdings in Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock valued at $72,000 after acquiring an additional 564 shares during the period. GAMMA Investing LLC raised its holdings in Oshkosh by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company's stock valued at $79,000 after acquiring an additional 152 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock valued at $90,000 after acquiring an additional 893 shares during the period. 92.36% of the stock is owned by institutional investors.
Oshkosh Price Performance
NYSE:OSK traded up $0.42 during trading hours on Tuesday, hitting $112.55. The company's stock had a trading volume of 317,236 shares, compared to its average volume of 504,276. Oshkosh Co. has a twelve month low of $93.34 and a twelve month high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock has a fifty day simple moving average of $106.28 and a 200-day simple moving average of $106.48. The company has a market capitalization of $7.32 billion, a P/E ratio of 10.93, a PEG ratio of 1.10 and a beta of 1.19.
Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts' consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.
Oshkosh Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. Oshkosh's dividend payout ratio (DPR) is presently 17.86%.
Wall Street Analyst Weigh In
OSK has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Robert W. Baird lowered their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Truist Financial lowered their price target on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Finally, Evercore ISI decreased their target price on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Oshkosh has a consensus rating of "Hold" and a consensus target price of $123.14.
Read Our Latest Analysis on Oshkosh
About Oshkosh
(
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.
Featured Stories
Before you consider Oshkosh, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oshkosh wasn't on the list.
While Oshkosh currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
