Mutual of America Capital Management LLC Sells 1,457 Shares of Oshkosh Co. (NYSE:OSK)

Mutual of America Capital Management LLC reduced its stake in Oshkosh Co. (NYSE:OSKFree Report) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,974 shares of the company’s stock after selling 1,457 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Oshkosh worth $4,860,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Nordea Investment Management AB raised its stake in Oshkosh by 1.9% during the 1st quarter. Nordea Investment Management AB now owns 90,564 shares of the company’s stock valued at $11,293,000 after purchasing an additional 1,709 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Oshkosh during the first quarter valued at approximately $152,000. Janney Montgomery Scott LLC lifted its holdings in shares of Oshkosh by 10.7% in the first quarter. Janney Montgomery Scott LLC now owns 35,845 shares of the company’s stock worth $4,470,000 after buying an additional 3,454 shares in the last quarter. Retirement Systems of Alabama grew its stake in Oshkosh by 0.3% during the first quarter. Retirement Systems of Alabama now owns 82,143 shares of the company’s stock valued at $10,244,000 after acquiring an additional 215 shares in the last quarter. Finally, Norden Group LLC bought a new stake in Oshkosh in the 1st quarter valued at $945,000. 92.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on OSK. Bank of America increased their price objective on shares of Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a report on Tuesday, May 28th. Raymond James assumed coverage on Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective on the stock. lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Citigroup started coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Truist Financial lowered their price objective on shares of Oshkosh from $132.00 to $123.00 and set a “hold” rating for the company in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.69.

Check Out Our Latest Stock Analysis on Oshkosh

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $102.26 on Wednesday. Oshkosh Co. has a 52 week low of $86.10 and a 52 week high of $127.98. The company has a market capitalization of $6.69 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.22. The stock’s fifty day moving average is $111.44 and its two-hundred day moving average is $112.85. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSKGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business posted $1.59 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts expect that Oshkosh Co. will post 11.21 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a $0.46 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.80%. Oshkosh’s payout ratio is presently 17.61%.

Oshkosh Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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