Oshkosh Co. (NYSE:OSK) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in shares of Oshkosh Co. (NYSE:OSK) by 2.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,918 shares of the company’s stock after selling 143 shares during the quarter. Securian Asset Management Inc.’s holdings in Oshkosh were worth $468,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. grew its stake in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of Oshkosh during the 4th quarter valued at $32,000. Brooklyn Investment Group purchased a new stake in Oshkosh during the 3rd quarter worth $34,000. Proficio Capital Partners LLC acquired a new stake in Oshkosh in the 4th quarter valued at $34,000. Finally, V Square Quantitative Management LLC raised its position in Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Bank of America increased their target price on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Raymond James lifted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Truist Financial upped their target price on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Evercore ISI lifted their price target on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, KeyCorp upped their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh has an average rating of “Hold” and an average price target of $125.92.

Oshkosh Stock Up 1.3 %

Shares of Oshkosh stock opened at $96.99 on Tuesday. The business has a 50-day moving average price of $101.05 and a 200 day moving average price of $102.55. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The firm has a market cap of $6.26 billion, a P/E ratio of 9.37, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, sell-side analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.51 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

About Oshkosh

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.