Victory Capital Management Inc. Has $26.56 Million Holdings in Oshkosh Corporation (NYSE:OSK)

Victory Capital Management Inc. cut its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 282,257 shares of the company's stock after selling 16,777 shares during the period. Victory Capital Management Inc. owned about 0.44% of Oshkosh worth $26,555,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OSK. Signaturefd LLC grew its stake in shares of Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Oshkosh during the first quarter valued at $1,308,000. CWM LLC boosted its position in Oshkosh by 929.4% during the first quarter. CWM LLC now owns 29,977 shares of the company's stock valued at $2,820,000 after acquiring an additional 27,065 shares during the last quarter. New York State Common Retirement Fund boosted its position in Oshkosh by 1.3% during the first quarter. New York State Common Retirement Fund now owns 39,655 shares of the company's stock valued at $3,731,000 after acquiring an additional 500 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in Oshkosh by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,608 shares of the company's stock valued at $1,468,000 after acquiring an additional 200 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $122.58 on Tuesday. The stock has a market cap of $7.89 billion, a PE ratio of 13.10, a PEG ratio of 1.80 and a beta of 1.43. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $129.02. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company's fifty day moving average is $110.62 and its 200 day moving average is $100.88.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. Oshkosh's revenue was down 9.1% on a year-over-year basis. During the same period last year, the business earned $2.89 EPS. Research analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Friday, May 16th. Oshkosh's payout ratio is 21.79%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and upped their target price for the stock from $93.00 to $127.00 in a report on Tuesday, June 3rd. Bank of America upped their target price on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Finally, Robert W. Baird upped their target price on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh has an average rating of "Moderate Buy" and an average target price of $126.85.

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.

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