Mutual of America Capital Management LLC boosted its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,750 shares of the company’s stock after buying an additional 3,958 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.10% of Oshkosh Corporation worth $5,011,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Invictus RG bought a new stake in Oshkosh Corporation during the first quarter valued at approximately $133,000. Advisors Asset Management Inc. grew its position in Oshkosh Corporation by 9.5% during the first quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock valued at $135,000 after buying an additional 171 shares during the period. Paradigm Asset Management Co. LLC grew its position in Oshkosh Corporation by 4.7% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock valued at $155,000 after buying an additional 100 shares during the period. ARP Americas LLC bought a new stake in Oshkosh Corporation during the second quarter valued at approximately $206,000. Finally, Raymond James Trust N.A. grew its position in Oshkosh Corporation by 0.9% during the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after buying an additional 28 shares during the period. Institutional investors own 94.64% of the company’s stock.
Oshkosh Corporation (NYSE OSK) opened at 79.72 on Friday. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $80.00. The stock has a market cap of $5.97 billion, a P/E ratio of 23.66 and a beta of 1.77. The stock has a 50 day moving average of $74.30 and a 200 day moving average of $69.56.
Oshkosh Corporation (NYSE:OSK) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Oshkosh Corporation will post $3.95 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.84 dividend on an annualized basis and a yield of 1.05%. Oshkosh Corporation’s dividend payout ratio is currently 25.07%.
OSK has been the subject of several recent research reports. Drexel Hamilton upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Friday, August 4th. Bank of America Corporation raised shares of Oshkosh Corporation from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $60.00 to $78.00 in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Oshkosh Corporation in a report on Thursday, July 13th. Royal Bank Of Canada lifted their price target on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $85.00 price target on shares of Oshkosh Corporation in a report on Sunday, September 17th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Oshkosh Corporation presently has an average rating of “Buy” and an average target price of $76.50.
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In related news, VP R Scott Grennier sold 4,883 shares of Oshkosh Corporation stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $74.40, for a total value of $363,295.20. Following the sale, the vice president now owns 4,912 shares of the company’s stock, valued at approximately $365,452.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert S. Messina sold 3,400 shares of Oshkosh Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $75.23, for a total transaction of $255,782.00. Following the completion of the sale, the vice president now directly owns 12,558 shares in the company, valued at approximately $944,738.34. The disclosure for this sale can be found here. Insiders sold a total of 50,533 shares of company stock worth $3,810,466 in the last three months. 2.00% of the stock is owned by corporate insiders.
About Oshkosh Corporation
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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