Keybank National Association OH Invests $422,000 in Oshkosh Corporation $OSK

Keybank National Association OH acquired a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,257 shares of the company’s stock, valued at approximately $422,000.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in Oshkosh by 43.4% during the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after purchasing an additional 68,165 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Oshkosh by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after buying an additional 14,122 shares during the period. Focus Partners Wealth purchased a new position in shares of Oshkosh in the 1st quarter worth $567,000. Sivia Capital Partners LLC acquired a new position in Oshkosh in the second quarter valued at $325,000. Finally, QRG Capital Management Inc. purchased a new stake in Oshkosh during the second quarter valued at about $242,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OSK shares. DA Davidson lifted their price objective on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Monday. Barclays began coverage on shares of Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price target on the stock. Truist Financial set a $183.00 price objective on shares of Oshkosh in a research note on Friday, January 30th. Wells Fargo & Company raised their target price on shares of Oshkosh from $144.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and a consensus target price of $159.60.

Oshkosh Price Performance

Shares of OSK stock opened at $163.32 on Friday. The company has a market capitalization of $10.33 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. The firm has a fifty day simple moving average of $139.60 and a 200-day simple moving average of $134.63. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $169.62.

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

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.57 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, February 17th. Oshkosh’s dividend payout ratio (DPR) is currently 20.36%.

About Oshkosh

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.