Truist Financial Corp Cuts Stock Position in Oshkosh Co. (NYSE:OSK)

Truist Financial Corp decreased its holdings in shares of Oshkosh Co. (NYSE:OSK) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,119 shares of the company’s stock after selling 17,880 shares during the quarter. Truist Financial Corp owned about 0.13% of Oshkosh worth $8,885,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Algert Global LLC lifted its stake in shares of Oshkosh by 9.1% in the 2nd quarter. Algert Global LLC now owns 90,082 shares of the company’s stock valued at $9,747,000 after purchasing an additional 7,544 shares during the last quarter. AQR Capital Management LLC raised its holdings in Oshkosh by 15.9% during the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after buying an additional 85,698 shares during the period. AXA S.A. lifted its position in Oshkosh by 16.7% in the second quarter. AXA S.A. now owns 60,518 shares of the company’s stock worth $6,548,000 after buying an additional 8,676 shares during the last quarter. Alpha DNA Investment Management LLC purchased a new position in Oshkosh during the second quarter worth $458,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Oshkosh during the second quarter worth $240,000. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Citigroup began coverage on shares of Oshkosh in a research note on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Jefferies Financial Group decreased their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Finally, Stifel Nicolaus dropped their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $125.79.

Oshkosh Trading Up 1.8 %

NYSE OSK opened at $100.70 on Friday. Oshkosh Co. has a one year low of $86.10 and a one year high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19. The company’s 50-day simple moving average is $102.38 and its two-hundred day simple moving average is $110.27.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.34. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. Oshkosh’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the company posted $2.69 earnings per share. Equities analysts forecast that Oshkosh Co. will post 11.62 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.46 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.84 annualized dividend and a yield of 1.83%. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Oshkosh Company 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.