Nuveen Asset Management LLC Boosts Holdings in Oshkosh Co. (NYSE:OSK)

Nuveen Asset Management LLC grew its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,482 shares of the company's stock after buying an additional 12,695 shares during the period. Nuveen Asset Management LLC owned 0.37% of Oshkosh worth $22,672,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. grew its stake in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the period. Coppell Advisory Solutions LLC grew its stake in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after purchasing an additional 110 shares during the period. Hager Investment Management Services LLC purchased a new stake in Oshkosh in the fourth quarter worth $32,000. Proficio Capital Partners LLC purchased a new stake in Oshkosh in the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC grew its stake in Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company's stock worth $38,000 after purchasing an additional 157 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

Shares of NYSE OSK traded up $3.28 during trading on Tuesday, reaching $101.02. 415,905 shares of the company traded hands, compared to its average volume of 628,126. The firm has a 50 day simple moving average of $91.20 and a 200-day simple moving average of $98.31. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $6.50 billion, a PE ratio of 9.76, a P/E/G ratio of 1.45 and a beta of 1.37. Oshkosh Co. has a 52-week low of $76.82 and a 52-week high of $118.39.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.89 EPS. Equities research analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's payout ratio is 21.79%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley reduced their price target on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. UBS Group boosted their target price on Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Robert W. Baird dropped their target price on Oshkosh from $163.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Evercore ISI boosted their target price on Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Truist Financial dropped their target price on Oshkosh from $94.00 to $93.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Oshkosh presently has an average rating of "Moderate Buy" and a consensus price target of $114.93.

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.