Principal Financial Group Inc. Decreases Stock Position in Oshkosh Co. (NYSE:OSK)

Principal Financial Group Inc. trimmed its position in shares of Oshkosh Co. (NYSE:OSK) by 30.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,662 shares of the company’s stock after selling 67,115 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Oshkosh worth $15,098,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Oshkosh in the 3rd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new position in Oshkosh during the third quarter worth approximately $34,000. International Assets Investment Management LLC boosted its stake in Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after buying an additional 893 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after buying an additional 262 shares in the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new stake in shares of Oshkosh in the 2nd quarter worth $111,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $94.35 on Friday. 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 market capitalization of $6.14 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. The business has a 50-day moving average of $105.77 and a 200 day moving average of $104.84. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data 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 firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, sell-side analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Friday, November 15th. Oshkosh’s payout ratio is currently 17.86%.

Analyst Ratings Changes

OSK has been the topic of several recent research reports. UBS Group lowered their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial boosted their target price on shares of Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Robert W. Baird lowered their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $123.00.

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.