Mutual of America Capital Management LLC Lowers Stock Holdings in Oshkosh Co. (NYSE:OSK)

Mutual of America Capital Management LLC decreased its holdings in shares of Oshkosh Co. (NYSE:OSKFree Report) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,155 shares of the company’s stock after selling 4,882 shares during the period. Mutual of America Capital Management LLC owned about 0.09% of Oshkosh worth $5,550,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Oshkosh during the second quarter worth about $26,000. Money Concepts Capital Corp lifted its position in shares of Oshkosh by 1,359.1% during the 4th quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 299 shares during the last quarter. Signaturefd LLC boosted its position in shares of Oshkosh by 86.7% in the 2nd quarter. Signaturefd LLC now owns 366 shares of the company’s stock valued at $32,000 after purchasing an additional 170 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Oshkosh in the third quarter worth approximately $32,000. Finally, Belpointe Asset Management LLC raised its stake in Oshkosh by 108.5% during the 1st quarter. Belpointe Asset Management LLC now owns 513 shares of the company’s stock valued at $43,000 after purchasing an additional 267 shares during the period. Institutional investors own 88.71% of the company’s stock.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $111.89 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a 1-year low of $72.09 and a 1-year high of $115.63. The stock has a market capitalization of $7.32 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.46 and a beta of 1.29. The business has a 50-day moving average price of $106.94 and a two-hundred day moving average price of $100.31.

Oshkosh (NYSE:OSKGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.32. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $1.60 EPS. Equities analysts predict that Oshkosh Co. will post 10.31 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Wednesday, February 14th. Oshkosh’s dividend payout ratio (DPR) is currently 20.26%.

Analyst Ratings Changes

Several analysts recently issued reports on OSK shares. JPMorgan Chase & Co. cut their price objective on Oshkosh from $110.00 to $104.00 and set a “neutral” rating for the company in a report on Monday, October 16th. TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Evercore ISI raised shares of Oshkosh from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $122.00 in a research report on Monday, November 13th. UBS Group raised their price target on shares of Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company lifted their price objective on Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.88.

Read Our Latest Report on Oshkosh

Oshkosh Profile

(Free Report)

Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. 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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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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