Crossmark Global Holdings Inc. increased its stake in Oshkosh Co. (NYSE:OSK – Free Report) by 17.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,827 shares of the company’s stock after purchasing an additional 574 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Oshkosh were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Oshkosh by 10.1% in the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after buying an additional 718,122 shares during the period. American Century Companies Inc. lifted its stake in Oshkosh by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after acquiring an additional 235,496 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after acquiring an additional 233,218 shares during the period. Renaissance Technologies LLC purchased a new position in Oshkosh during the 2nd quarter valued at about $11,368,000. Finally, AQR Capital Management LLC increased its holdings in shares of Oshkosh by 15.9% in the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after purchasing an additional 85,698 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus lowered their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Evercore ISI lowered their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Truist Financial dropped their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.14.
Oshkosh Trading Down 2.7 %
Shares of OSK stock opened at $108.60 on Monday. The business’s 50 day moving average is $103.91 and its two-hundred day moving average is $107.01. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98. The company has a market cap of $7.07 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18.
Oshkosh (NYSE:OSK – Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm 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%. Equities analysts predict that Oshkosh Co. will post 11.35 EPS for the current year.
Oshkosh Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is currently 17.86%.
Oshkosh 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.
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