Nuveen Asset Management LLC Buys 12,695 Shares of Oshkosh Co. (NYSE:OSK)

Nuveen Asset Management LLC grew its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 0.37% of Oshkosh worth $22,672,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in OSK. Blue Trust Inc. increased its stake in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of 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 last quarter. Hager Investment Management Services LLC bought a new stake in Oshkosh in the fourth quarter valued at approximately $32,000. V Square Quantitative Management LLC lifted 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 valued at $38,000 after buying an additional 157 shares during the period. Finally, Twin Tree Management LP acquired a new position in shares of Oshkosh during the fourth quarter valued at about $41,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Trading Down 0.8%

OSK stock traded down $0.76 during midday trading on Wednesday, hitting $100.30. The company had a trading volume of 220,094 shares, compared to its average volume of 626,568. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 9.70, a PEG 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. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The stock's 50 day moving average price is $91.27 and its 200 day moving average price is $98.33.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Oshkosh's revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.89 EPS. As a group, equities research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.51 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 2.03%. Oshkosh's dividend payout ratio (DPR) is 21.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OSK. Evercore ISI upped their target price on Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. The Goldman Sachs Group cut their price target on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. KeyCorp reduced their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Truist Financial reduced their target price on Oshkosh from $94.00 to $93.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. dropped their price target on Oshkosh from $100.00 to $92.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.93.

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.