American Century Companies Inc. Purchases 298,470 Shares of Oshkosh Corporation (NYSE:OSK)

American Century Companies Inc. lifted its position in Oshkosh Corporation (NYSE:OSK) by 14.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,328,880 shares of the company’s stock after purchasing an additional 298,470 shares during the period. American Century Companies Inc. owned about 3.62% of Oshkosh worth $219,101,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Oshkosh by 0.4% in the first quarter. Principal Financial Group Inc. now owns 149,716 shares of the company’s stock worth $14,085,000 after purchasing an additional 553 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Oshkosh in the first quarter worth approximately $263,000. DAVENPORT & Co LLC grew its holdings in shares of Oshkosh by 5.6% in the first quarter. DAVENPORT & Co LLC now owns 6,040 shares of the company’s stock worth $568,000 after purchasing an additional 319 shares during the last quarter. True North Advisors LLC bought a new position in shares of Oshkosh in the first quarter worth approximately $807,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Oshkosh by 17.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company’s stock worth $713,000 after purchasing an additional 1,146 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $138.62 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $8.87 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.74 and a beta of 1.43. The business has a fifty day simple moving average of $123.17 and a two-hundred day simple moving average of $106.03. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $141.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.34 earnings per share. On average, equities analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Oshkosh’s payout ratio is currently 20.48%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on OSK shares. Citigroup reiterated a “buy” rating and issued a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Truist Financial upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and lifted their price target for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. Evercore ISI lifted their price target on shares of Oshkosh from $137.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Bank of America lifted their price target on shares of Oshkosh from $90.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $92.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.08.

Oshkosh Company Profile

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.