Oshkosh Corporation (NYSE:OSK) Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Oshkosh Corporation by 0.4%, acquiring an additional 35,382 shares, bringing its total ownership to 8,177,120 shares or 12.70% of the company.
• Oshkosh reported earnings of $3.41 per share for the latest quarter, outperforming expectations of $2.98, with a revenue of $2.73 billion.
• The company declared a quarterly dividend of $0.51 per share, translating to an annual yield of 1.5%, with a payout ratio of 20.48%.

Vanguard Group Inc. increased its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,177,120 shares of the company's stock after acquiring an additional 35,382 shares during the quarter. Vanguard Group Inc. owned approximately 12.70% of Oshkosh worth $769,303,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC increased its holdings in Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after buying an additional 127 shares during the last quarter. CX Institutional bought a new stake in Oshkosh in the first quarter valued at about $28,000. Coppell Advisory Solutions LLC increased its holdings 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 buying an additional 110 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after buying an additional 186 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Wall Street Analyst Weigh In

OSK has been the subject of several research analyst reports. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and boosted their price objective for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. Morgan Stanley lowered their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Robert W. Baird upped their target price on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a report on Monday, August 4th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and upped their target price for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $133.08.

Oshkosh Stock Performance

Shares of NYSE OSK traded down $1.42 during midday trading on Thursday, hitting $140.27. 430,588 shares of the company's stock were exchanged, compared to its average volume of 701,168. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. The stock's 50 day moving average price is $122.59 and its 200-day moving average price is $105.74. The firm has a market cap of $8.98 billion, a P/E ratio of 14.08, a PEG ratio of 1.76 and a beta of 1.43. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $141.98.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.34 earnings per share. Equities research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh's dividend payout ratio is 20.48%.

Oshkosh 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.