Oshkosh Corporation $OSK Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its stake in Oshkosh Corporation by 14.7%, now owning approximately 3.62% of the company's shares valued at $219 million.
• Oshkosh Corporation reported an EPS of $3.41 for its last quarter, exceeding analysts' expectations, although its revenue decreased by 4.0% year-over-year.
• The company declared a quarterly dividend of $0.51, which will be paid to stockholders, representing a 1.5% dividend yield.

American Century Companies Inc. increased its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 14.7% in the 1st quarter, according to its most recent filing 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 approximately 3.62% of Oshkosh worth $219,101,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC boosted its stake in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Oshkosh by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after purchasing an additional 122 shares during the period. Parallel Advisors LLC grew its stake in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after buying an additional 127 shares in the last quarter. Capital Insight Partners LLC lifted its position in shares of Oshkosh by 3.9% during the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock worth $433,000 after buying an additional 171 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OSK shares. The Goldman Sachs Group upgraded shares of Oshkosh from a "neutral" rating to a "buy" rating and upped their price objective for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. DA Davidson set a $160.00 price objective on Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Robert W. Baird raised their price objective on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $133.08.

Oshkosh Stock Down 1.0%

NYSE:OSK traded down $1.3540 during midday trading on Tuesday, reaching $138.9260. 435,694 shares of the stock traded hands, compared to its average volume of 776,846. The business has a 50-day moving average of $123.76 and a two-hundred day moving average of $106.22. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $141.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The stock has a market capitalization of $8.89 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.72 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh's dividend payout ratio (DPR) is currently 20.48%.

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.