Future Fund LLC raised its position in shares of Oshkosh Corporation (NYSE:OSK – Free Report) by 42.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,916 shares of the company’s stock after purchasing an additional 4,439 shares during the quarter. Future Fund LLC’s holdings in Oshkosh were worth $1,874,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Keybank National Association OH bought a new stake in Oshkosh during the 3rd quarter valued at about $422,000. Mutual Advisors LLC bought a new stake in Oshkosh during the 3rd quarter valued at about $849,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in Oshkosh during the 4th quarter valued at about $4,183,000. Peterson Wealth Services increased its stake in Oshkosh by 3,459.5% during the 3rd quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock valued at $7,387,000 after purchasing an additional 55,352 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in Oshkosh during the 3rd quarter valued at about $1,162,000. 92.36% of the stock is currently owned by institutional investors.
Oshkosh Stock Performance
OSK opened at $130.20 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.63 and a beta of 1.33. The company’s 50 day moving average is $141.92 and its 200 day moving average is $144.01. Oshkosh Corporation has a 12-month low of $97.28 and a 12-month high of $180.49.
Oshkosh Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.8%. Oshkosh’s dividend payout ratio (DPR) is presently 25.39%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Zacks Research upgraded shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings upgraded shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Truist Financial reissued a “hold” rating and set a $176.00 price objective (down from $183.00) on shares of Oshkosh in a report on Monday, May 11th. Finally, Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $180.00 to $170.00 in a report on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and a consensus price target of $165.38.
Check Out Our Latest Report on OSK
Insider Activity
In related news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the transaction, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.
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.
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