Truist Financial Corp Buys 379,134 Shares of Oshkosh Corporation $OSK

Key Points

• Truist Financial Corp boosted its stake in Oshkosh by 1,904%, buying 379,134 shares to own 399,046 shares (about 0.63% of the company) valued at roughly $50.13 million.
• Wall Street sentiment is largely positive with a consensus of Moderate Buy and an average price target of $165.56 (12 Buys, 7 Holds), and several firms — including Wells Fargo — have raised price targets (up to $204).
• Oshkosh trades with a market cap of $9.61 billion, a P/E of 15.31, institutional ownership of 92.36%, a 52‑week range of $87.54–$180.49, and the shares were up about 2.3% on the day reported.

Truist Financial Corp grew its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 1,904.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 399,046 shares of the company's stock after purchasing an additional 379,134 shares during the period. Truist Financial Corp owned approximately 0.63% of Oshkosh worth $50,132,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Keybank National Association OH bought a new stake in shares of Oshkosh during the 3rd quarter valued at about $422,000. Mutual Advisors LLC bought a new stake in shares of Oshkosh during the 3rd quarter valued at about $849,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Oshkosh during the 4th quarter valued at about $4,183,000. Peterson Wealth Services boosted its stake in shares of Oshkosh by 3,459.5% during the 3rd quarter. Peterson Wealth Services now owns 56,952 shares of the company's stock valued at $7,387,000 after purchasing an additional 55,352 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of Oshkosh during the 3rd quarter valued at about $1,162,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Up 2.3%

Shares of Oshkosh stock opened at $153.37 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The stock has a market capitalization of $9.61 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.77 and a beta of 1.33. Oshkosh Corporation has a 52-week low of $87.54 and a 52-week high of $180.49. The company has a 50-day simple moving average of $152.68 and a two-hundred day simple moving average of $144.03.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $175.00 target price on shares of Oshkosh in a research note on Monday, March 2nd. Zacks Research raised shares of Oshkosh from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 5th. Sanford C. Bernstein set a $138.00 price objective on shares of Oshkosh in a research note on Thursday, April 9th. Wells Fargo & Company boosted their price objective on shares of Oshkosh from $168.00 to $204.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 25th. Finally, DA Davidson boosted their price objective on shares of Oshkosh from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Monday, February 2nd. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $165.56.

Insider Transactions at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the transaction, the senior vice president directly owned 13,577 shares of the company's stock, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company's stock.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

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