Nkcfo LLC Takes $2.93 Million Position in Oshkosh Corporation $OSK

Nkcfo LLC purchased a new position in shares of Oshkosh Corporation (NYSE:OSK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 22,560 shares of the company’s stock, valued at approximately $2,926,000. Oshkosh comprises about 0.9% of Nkcfo LLC’s investment portfolio, making the stock its 28th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Oshkosh during the 2nd quarter worth $98,570,000. American Century Companies Inc. grew its stake in shares of Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after acquiring an additional 529,907 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after acquiring an additional 345,782 shares in the last quarter. Allianz Asset Management GmbH increased its position in Oshkosh by 1,245.4% during the third quarter. Allianz Asset Management GmbH now owns 217,365 shares of the company’s stock worth $28,192,000 after acquiring an additional 201,209 shares during the period. Finally, Amundi raised its stake in Oshkosh by 616.7% in the 2nd quarter. Amundi now owns 224,765 shares of the company’s stock worth $27,529,000 after purchasing an additional 193,406 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OSK shares. Argus decreased their target price on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. JPMorgan Chase & Co. increased their price target on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Truist Financial set a $183.00 price objective on Oshkosh in a research note on Friday, January 30th. Bank of America upgraded Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price for the company in a research report on Tuesday, February 3rd. Finally, Zacks Research lowered Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $159.60.

Oshkosh Trading Up 0.8%

Shares of OSK stock opened at $176.90 on Tuesday. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $180.49. The stock’s fifty day moving average price is $149.89 and its two-hundred day moving average price is $138.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The company has a market cap of $11.07 billion, a PE ratio of 17.65, a P/E/G ratio of 0.89 and a beta of 1.43.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the firm posted $2.58 EPS. Oshkosh’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.