Oshkosh Co. (NYSE:OSK) Position Raised by Nkcfo LLC

Nkcfo LLC raised its holdings in Oshkosh Co. (NYSE:OSK) by 45.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,785 shares of the company’s stock after purchasing an additional 14,375 shares during the period. Oshkosh accounts for about 2.7% of Nkcfo LLC’s holdings, making the stock its 9th biggest position. Nkcfo LLC owned 0.07% of Oshkosh worth $4,954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. raised its stake in shares of Oshkosh by 13.3% during the 2nd quarter. Sei Investments Co. now owns 396,953 shares of the company’s stock valued at $42,949,000 after purchasing an additional 46,649 shares during the period. AE Wealth Management LLC increased its position in shares of Oshkosh by 7.3% during the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after buying an additional 127 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Oshkosh in the second quarter worth about $1,566,000. Leuthold Group LLC bought a new position in shares of Oshkosh in the second quarter valued at approximately $252,000. Finally, XTX Topco Ltd purchased a new position in Oshkosh during the second quarter valued at approximately $1,508,000. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Truist Financial lifted their price objective on Oshkosh from $123.00 to $126.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Raymond James started coverage on Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price on the stock. Jefferies Financial Group dropped their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Finally, Bank of America upped their price objective on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $125.79.

Oshkosh Trading Down 1.9 %

Shares of OSK opened at $100.51 on Friday. The firm has a fifty day simple moving average of $104.56 and a two-hundred day simple moving average of $111.24. Oshkosh Co. has a twelve month low of $86.10 and a twelve month high of $127.98. The stock has a market capitalization of $6.54 billion, a P/E ratio of 9.62, a PEG ratio of 0.97 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the company earned $2.69 EPS. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, research analysts anticipate that Oshkosh Co. will post 11.7 EPS for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued 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%.

About Oshkosh

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.