Truist Financial Corp Has $11.47 Million Stock Position in Oshkosh Co. (NYSE:OSK)

Truist Financial Corp lowered its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,812 shares of the company's stock after selling 12,975 shares during the quarter. Truist Financial Corp owned about 0.16% of Oshkosh worth $11,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of OSK. Assenagon Asset Management S.A. raised its holdings in shares of Oshkosh by 1,374.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company's stock valued at $27,877,000 after purchasing an additional 239,707 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in Oshkosh by 155.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 335,603 shares of the company's stock valued at $32,027,000 after buying an additional 204,278 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at $16,153,000. Panagora Asset Management Inc. grew its stake in Oshkosh by 385.9% in the 3rd quarter. Panagora Asset Management Inc. now owns 209,068 shares of the company's stock valued at $19,951,000 after buying an additional 166,040 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Oshkosh by 58.0% in the 3rd quarter. AQR Capital Management LLC now owns 430,806 shares of the company's stock valued at $41,112,000 after buying an additional 158,115 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,234 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares of the company's stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on OSK. Robert W. Baird raised their target price on shares of Oshkosh from $140.00 to $158.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Morgan Stanley initiated coverage on shares of Oshkosh in a research report on Monday, January 8th. They issued an "equal weight" rating and a $102.00 price target on the stock. The Goldman Sachs Group raised their price target on shares of Oshkosh from $104.00 to $116.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 31st. Finally, TheStreet upgraded shares of Oshkosh from a "c" rating to a "b-" rating in a research report on Tuesday, January 30th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $123.50.

Oshkosh Price Performance

OSK stock traded up $0.65 during trading on Thursday, hitting $113.42. 468,616 shares of the stock traded hands, compared to its average volume of 510,540. Oshkosh Co. has a one year low of $72.09 and a one year high of $127.98. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 1.19 and a beta of 1.29. The company has a 50 day simple moving average of $117.84 and a 200 day simple moving average of $107.58. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm posted $1.59 EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts expect that Oshkosh Co. will post 11.11 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh's dividend payout ratio (DPR) is 17.61%.

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.