NFJ Investment Group LLC Has $6.34 Million Stock Position in Oshkosh Co. (NYSE:OSK)

NFJ Investment Group LLC grew its stake in shares of Oshkosh Co. (NYSE:OSK) by 136.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 63,299 shares of the company’s stock after acquiring an additional 36,476 shares during the period. NFJ Investment Group LLC’s holdings in Oshkosh were worth $6,343,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of OSK. Greenhaven Associates Inc. increased its stake in shares of Oshkosh by 0.8% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after purchasing an additional 19,442 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after purchasing an additional 78,235 shares during the period. American Century Companies Inc. grew its stake in shares of Oshkosh by 19.6% in the second 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 during the last quarter. FMR LLC raised its stake in Oshkosh by 3.3% during the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after purchasing an additional 39,235 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Oshkosh by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after buying an additional 4,974 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on OSK. Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Robert W. Baird decreased their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Truist Financial dropped their price target on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. One equities research 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.14.

Oshkosh Stock Performance

Oshkosh stock opened at $112.55 on Wednesday. Oshkosh Co. has a 12-month low of $93.34 and a 12-month high of $127.98. The stock has a 50-day simple moving average of $106.28 and a 200 day simple moving average of $106.48. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 1.10 and a beta of 1.19.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. On average, research analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. Oshkosh’s payout ratio is 17.86%.

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.