Oshkosh Corporation $OSK Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 13.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,346 shares of the company’s stock after selling 16,442 shares during the quarter. HighTower Advisors LLC’s holdings in Oshkosh were worth $14,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. bought a new stake in shares of Oshkosh in the third quarter worth $26,000. Blue Trust Inc. grew its holdings in Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Oshkosh in the 3rd quarter worth about $29,000. Finally, Whittier Trust Co. raised its stake in shares of Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after purchasing an additional 114 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OSK shares. Barclays initiated coverage on Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price target for the company. Argus decreased their target price on Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Zacks Research lowered Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Truist Financial set a $183.00 price objective on Oshkosh in a research note on Friday, January 30th. Finally, Robert W. Baird set a $182.00 target price on shares of Oshkosh in a research note on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.60.

Oshkosh Price Performance

Shares of OSK opened at $175.80 on Friday. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $180.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The stock has a fifty day moving average price of $148.96 and a 200 day moving average price of $137.97. The company has a market cap of $11.00 billion, a P/E ratio of 17.54, a PEG ratio of 0.86 and a beta of 1.43.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the firm posted $2.58 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.57 dividend. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 annualized dividend and a yield of 1.3%. Oshkosh’s payout ratio is currently 22.75%.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.