Capstone Asset Management Co. reduced its stake in shares of Oshkosh Corp. (NYSE:OSK) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,172 shares of the company’s stock after selling 970 shares during the period. Capstone Asset Management Co.’s holdings in Oshkosh Corp. were worth $390,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in OSK. Prudential Financial Inc. increased its position in Oshkosh Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 360,422 shares of the company’s stock valued at $14,731,000 after buying an additional 12,499 shares during the period. BlackRock Group LTD increased its position in Oshkosh Corp. by 22.7% in the first quarter. BlackRock Group LTD now owns 62,747 shares of the company’s stock valued at $2,565,000 after buying an additional 11,625 shares during the period. TIAA CREF Investment Management LLC increased its position in Oshkosh Corp. by 25.5% in the first quarter. TIAA CREF Investment Management LLC now owns 139,338 shares of the company’s stock valued at $5,695,000 after buying an additional 28,303 shares during the period. Canada Pension Plan Investment Board increased its position in Oshkosh Corp. by 34.7% in the first quarter. Canada Pension Plan Investment Board now owns 126,286 shares of the company’s stock valued at $5,161,000 after buying an additional 32,500 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Oshkosh Corp. by 128.5% in the first quarter. JPMorgan Chase & Co. now owns 84,426 shares of the company’s stock valued at $3,449,000 after buying an additional 47,484 shares during the period. Institutional investors and hedge funds own 95.60% of the company’s stock.

Oshkosh Corp. (NYSE:OSK) traded down 0.48% on Friday, reaching $55.90. The company had a trading volume of 908,865 shares. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 20.50 and a beta of 1.98. The stock’s 50-day moving average price is $53.58 and its 200 day moving average price is $45.71. Oshkosh Corp. has a 52-week low of $29.59 and a 52-week high of $56.67.

Oshkosh Corp. (NYSE:OSK) last posted its earnings results on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.13. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the company earned $1.13 EPS. Oshkosh Corp.’s revenue was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that Oshkosh Corp. will post $2.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, August 11th. Oshkosh Corp.’s payout ratio is currently 27.94%.

Several equities analysts have recently weighed in on OSK shares. Zacks Investment Research downgraded Oshkosh Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Deutsche Bank AG started coverage on Oshkosh Corp. in a research report on Tuesday, September 6th. They issued a “buy” rating and a $62.00 target price on the stock. Stifel Nicolaus raised their target price on Oshkosh Corp. from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Jefferies Group increased their price target on Oshkosh Corp. from $53.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 15th. Finally, Macquarie initiated coverage on Oshkosh Corp. in a report on Monday, May 23rd. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.13.

In related news, VP Mark M. Radue sold 3,133 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $54.37, for a total value of $170,341.21. Following the sale, the vice president now owns 41,105 shares of the company’s stock, valued at approximately $2,234,878.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP R Scott Grennier sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $54.78, for a total value of $54,780.00. Following the completion of the sale, the vice president now directly owns 6,336 shares in the company, valued at approximately $347,086.08. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

About Oshkosh Corp.

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

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