Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Oshkosh Corporation (NYSE:OSK – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,569 shares of the company’s stock, valued at approximately $2,236,000.
A number of other large investors also recently modified their holdings of OSK. BlackRock Inc. acquired a new position in shares of Oshkosh during the second quarter valued at $913,816,000. Southpoint Capital Advisors LP acquired a new stake in shares of Oshkosh in the 4th quarter worth about $175,882,000. Norges Bank acquired a new stake in shares of Oshkosh in the 4th quarter worth about $127,907,000. First Trust Advisors LP boosted its stake in Oshkosh by 408.7% during the 4th quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock valued at $152,490,000 after purchasing an additional 975,206 shares during the period. Finally, Bank of America Corp DE acquired a new position in Oshkosh during the 2nd quarter valued at about $135,656,000. 92.36% of the stock is currently owned by institutional investors.
Oshkosh Stock Performance
Shares of OSK opened at $147.58 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. The stock has a market capitalization of $9.11 billion, a P/E ratio of 16.89, a P/E/G ratio of 0.95 and a beta of 1.25. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49. The firm’s 50 day moving average is $149.74 and its 200-day moving average is $147.63.
Oshkosh Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. Oshkosh’s dividend payout ratio is currently 26.09%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on OSK. Barclays increased their price objective on Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Friday, August 21st. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Morgan Stanley decreased their price target on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. raised their price target on Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.71.
Check Out Our Latest Stock Analysis on OSK
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.
Recommended Stories
- Five stocks we like better than Oshkosh
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corporation (NYSE:OSK – Free Report).
Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.
