American Century Companies Inc. Sells 1,893,520 Shares of Oshkosh Corporation $OSK

American Century Companies Inc. lessened its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 66.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 965,267 shares of the company’s stock after selling 1,893,520 shares during the period. American Century Companies Inc. owned about 1.53% of Oshkosh worth $125,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Quantbot Technologies LP purchased a new position in shares of Oshkosh during the third quarter valued at approximately $2,198,000. Erste Asset Management GmbH bought a new stake in Oshkosh in the third quarter valued at $573,000. TIAA Trust National Association purchased a new position in Oshkosh during the 3rd quarter valued at $223,000. Choreo LLC bought a new position in Oshkosh in the 3rd quarter worth $256,000. Finally, AlphaCore Capital LLC raised its holdings in Oshkosh by 163.8% in the 3rd quarter. AlphaCore Capital LLC now owns 2,778 shares of the company’s stock worth $360,000 after purchasing an additional 1,725 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. UBS Group reaffirmed a “buy” rating and set a $167.00 price objective on shares of Oshkosh in a research report on Friday, January 30th. Wells Fargo & Company increased their target price on Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Truist Financial set a $183.00 price target on Oshkosh in a research report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $169.69 on Monday. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.86 and a beta of 1.37. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The stock’s 50-day simple moving average is $153.46 and its 200-day simple moving average is $139.26. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK) last issued its 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). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the business posted $2.58 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.57 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 17th. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

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.