Teachers Advisors LLC decreased its position in shares of Oshkosh Corp (NYSE:OSK) by 57.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,722 shares of the company’s stock after selling 180,131 shares during the period. Teachers Advisors LLC owned 0.18% of Oshkosh Corp worth $8,640,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of OSK. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Oshkosh Corp by 48.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,855 shares of the company’s stock worth $120,000 after buying an additional 603 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Oshkosh Corp during the fourth quarter worth about $121,000. US Bancorp DE raised its stake in shares of Oshkosh Corp by 8.2% in the third quarter. US Bancorp DE now owns 3,412 shares of the company’s stock worth $191,000 after buying an additional 258 shares during the period. Sowell Financial Services LLC bought a new stake in shares of Oshkosh Corp during the fourth quarter worth about $210,000. Finally, Associated Banc Corp bought a new stake in shares of Oshkosh Corp during the fourth quarter worth about $217,000. 94.60% of the stock is owned by institutional investors.
Oshkosh Corp (NYSE:OSK) opened at 64.44 on Friday. The company has a 50-day moving average of $68.11 and a 200 day moving average of $67.71. The company has a market cap of $4.82 billion, a P/E ratio of 23.09 and a beta of 1.75. Oshkosh Corp has a one year low of $44.01 and a one year high of $75.00.
Oshkosh Corp (NYSE:OSK) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Oshkosh Corp had a net margin of 3.54% and a return on equity of 12.27%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. Equities research analysts predict that Oshkosh Corp will post $3.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, May 10th. Oshkosh Corp’s dividend payout ratio is currently 28.28%.
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A number of brokerages have issued reports on OSK. Seaport Global Securities raised shares of Oshkosh Corp from an “accumulate” rating to a “buy” rating in a research note on Wednesday, February 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corp in a research note on Thursday, March 2nd. Royal Bank of Canada lifted their price objective on shares of Oshkosh Corp from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Deutsche Bank AG lifted their price objective on shares of Oshkosh Corp from $73.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, April 6th. Finally, Barrington Research lifted their price objective on shares of Oshkosh Corp from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Oshkosh Corp currently has a consensus rating of “Hold” and an average target price of $70.36.
In other Oshkosh Corp news, Director Steven Mizell sold 1,800 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $69.80, for a total value of $125,640.00. Following the completion of the sale, the director now owns 8,188 shares in the company, valued at $571,522.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David M. Sagehorn sold 47,800 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $71.20, for a total transaction of $3,403,360.00. Following the completion of the sale, the vice president now owns 131,616 shares of the company’s stock, valued at approximately $9,371,059.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,346 shares of company stock valued at $5,298,667. Corporate insiders own 2.00% of the company’s stock.
About Oshkosh Corp
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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