Principal Financial Group Inc. Cuts Position in Oshkosh Corporation $OSK

Principal Financial Group Inc. reduced its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,184 shares of the company’s stock after selling 3,761 shares during the quarter. Principal Financial Group Inc. owned 0.22% of Oshkosh worth $18,441,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Mutual Advisors LLC purchased a new stake in Oshkosh during the 3rd quarter worth $849,000. Thrivent Financial for Lutherans lifted its stake in shares of Oshkosh by 4.6% during the third quarter. Thrivent Financial for Lutherans now owns 20,812 shares of the company’s stock worth $2,699,000 after purchasing an additional 907 shares in the last quarter. Keybank National Association OH purchased a new stake in shares of Oshkosh in the third quarter worth about $422,000. AlphaQuest LLC grew its stake in shares of Oshkosh by 3,852.3% in the third quarter. AlphaQuest LLC now owns 34,820 shares of the company’s stock valued at $4,516,000 after buying an additional 33,939 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Oshkosh by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 19,048 shares of the company’s stock worth $2,471,000 after acquiring an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of NYSE OSK opened at $171.88 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $172.93. The business has a 50 day simple moving average of $140.47 and a 200-day simple moving average of $135.08.

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

Oshkosh Increases Dividend

The business 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 a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. Oshkosh’s dividend payout ratio (DPR) is 20.36%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OSK shares. Barclays began coverage on shares of Oshkosh in a research note on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price objective on the stock. Zacks Research lowered shares of Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Sanford C. Bernstein raised their target price on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Argus cut their price target on Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, Bank of America raised Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price target for the company in a report on Tuesday, February 3rd. Twelve research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.60.

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.