Oshkosh Corporation $OSK Stock Sold by Equity Investment Corp

Equity Investment Corp cut its position in Oshkosh Corporation (NYSE:OSK) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 593,681 shares of the company’s stock after selling 4,016 shares during the quarter. Equity Investment Corp’s holdings in Oshkosh were worth $76,478,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OSK. M&G PLC increased its position in Oshkosh by 1.8% in the 3rd quarter. M&G PLC now owns 158,769 shares of the company’s stock valued at $20,481,000 after buying an additional 2,769 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in Oshkosh by 39.7% in the third quarter. AlphaCore Capital LLC now owns 3,381 shares of the company’s stock worth $436,000 after acquiring an additional 961 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in Oshkosh in the third quarter worth approximately $1,776,000. Allspring Global Investments Holdings LLC grew its stake in Oshkosh by 12.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 60,022 shares of the company’s stock valued at $7,852,000 after acquiring an additional 6,551 shares during the period. Finally, Brighton Jones LLC grew its stake in Oshkosh by 5.0% in the third quarter. Brighton Jones LLC now owns 12,038 shares of the company’s stock valued at $1,551,000 after acquiring an additional 578 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Price Performance

Shares of NYSE OSK opened at $140.00 on Wednesday. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.27 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 1.72. The firm’s 50-day simple moving average is $137.63 and its 200 day simple moving average is $145.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.94 billion. Oshkosh had a net margin of 4.63% and a return on equity of 11.69%. Oshkosh’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.20 EPS. As a group, research analysts anticipate that Oshkosh Corporation will post 8.79 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, November 16th. Oshkosh’s dividend payout ratio (DPR) is currently 28.79%.

Insider Activity

In related news, Director John Pfeifer sold 778 shares of Oshkosh stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the transaction, the director owned 150,669 shares of the company’s stock, valued at $22,600,350. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OSK shares. Robert W. Baird boosted their price objective on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Barclays increased their target price on Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley reduced their price target on shares of Oshkosh from $147.00 to $139.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 3rd. Raymond James Financial restated an “outperform” rating and set a $165.00 price target on shares of Oshkosh in a research note on Monday. Finally, Weiss Ratings downgraded shares of Oshkosh from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.79.

About Oshkosh

Oshkosh Corporation is a manufacturer of specialty vehicles and equipment for customers in construction, emergency response, waste services, airports and defense. Its products include JLG aerial work platforms and telehandlers, fire and emergency vehicles, refuse collection trucks, concrete mixers, airport snow removal equipment and military vehicles. The company operates through Access, Vocational and Defense businesses, with well-known brands including JLG, Pierce, McNeilus and Oshkosh. Its equipment serves customers in the United States and international markets.