Victory Capital Management Inc. Has $33.93 Million Stock Holdings in Oshkosh Corporation $OSK

Victory Capital Management Inc. reduced its stake in shares of Oshkosh Corporation (NYSE:OSK) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 261,606 shares of the company’s stock after selling 36,276 shares during the quarter. Victory Capital Management Inc. owned 0.41% of Oshkosh worth $33,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sivia Capital Partners LLC grew its stake in Oshkosh by 2.8% during the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after buying an additional 81 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Oshkosh by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after acquiring an additional 87 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Oshkosh by 6.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after acquiring an additional 100 shares in the last quarter. First Business Financial Services Inc. increased its stake in Oshkosh by 0.9% in the third quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock valued at $1,536,000 after acquiring an additional 103 shares during the last quarter. Finally, Brighton Jones LLC raised its position in Oshkosh by 1.9% during the third quarter. Brighton Jones LLC now owns 6,212 shares of the company’s stock valued at $806,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. DA Davidson boosted their price target on Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. KeyCorp restated an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Morgan Stanley reduced their price objective on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 3rd. Finally, Barclays initiated coverage on Oshkosh in a research note on Tuesday, November 25th. They set an “overweight” rating and a $150.00 target price for the company. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $164.69.

Oshkosh Stock Down 3.4%

Shares of NYSE:OSK opened at $154.61 on Monday. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $180.49. The company has a market capitalization of $9.67 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. 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 fifty day moving average of $156.83 and a 200-day moving average of $140.15.

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

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, February 17th. Oshkosh’s dividend payout ratio (DPR) is presently 22.75%.

Insider Activity

In related news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the transaction, the senior vice president owned 13,577 shares in the company, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Oshkosh 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.