Oshkosh Co. (NYSE:OSK) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Oshkosh Co. (NYSE:OSK) by 7.6% during the 4th quarter, Holdings Channel reports. The firm owned 14,098 shares of the company’s stock after selling 1,155 shares during the quarter. Victory Capital Management Inc.’s holdings in Oshkosh were worth $1,528,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new stake in Oshkosh in the fourth quarter valued at $1,995,000. Teachers Retirement System of The State of Kentucky grew its holdings in Oshkosh by 92.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,395 shares of the company’s stock valued at $2,138,000 after purchasing an additional 10,770 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Oshkosh by 38.8% in the third quarter. Envestnet Asset Management Inc. now owns 122,800 shares of the company’s stock valued at $11,719,000 after purchasing an additional 34,325 shares during the last quarter. Greenhaven Associates Inc. grew its holdings in Oshkosh by 0.5% in the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after purchasing an additional 11,100 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Oshkosh by 26.9% in the fourth quarter. Raymond James & Associates now owns 72,470 shares of the company’s stock valued at $7,856,000 after purchasing an additional 15,358 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial upped their target price on Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a report on Friday, April 26th. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group upped their price objective on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Robert W. Baird upped their price objective on Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Finally, StockNews.com downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Oshkosh Stock Performance

Oshkosh stock opened at $116.96 on Friday. The stock’s 50-day moving average is $119.65 and its 200-day moving average is $109.94. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. Oshkosh Co. has a 12 month low of $72.47 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.59 EPS. Equities analysts anticipate that Oshkosh Co. will post 11.16 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.57%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

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.