Truist Financial Corp Raises Position in Oshkosh Corporation $OSK

Truist Financial Corp grew its position in Oshkosh Corporation (NYSE:OSK) by 1,904.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 399,046 shares of the company’s stock after buying an additional 379,134 shares during the period. Truist Financial Corp’s holdings in Oshkosh were worth $50,132,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Montag A & Associates Inc. raised its holdings in Oshkosh by 1,531.6% in the fourth quarter. Montag A & Associates Inc. now owns 620 shares of the company’s stock worth $78,000 after buying an additional 582 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $1,319,000. Mutual Advisors LLC raised its holdings in shares of Oshkosh by 26.1% during the fourth quarter. Mutual Advisors LLC now owns 7,650 shares of the company’s stock valued at $961,000 after purchasing an additional 1,581 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $453,000. Finally, Levin Capital Strategies L.P. purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $628,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the sale, the senior vice president directly owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on OSK. JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $182.00 to $158.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Sanford C. Bernstein set a $138.00 price objective on shares of Oshkosh in a report on Thursday, April 9th. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $180.00 to $170.00 in a report on Monday, April 13th. Finally, Robert W. Baird set a $182.00 price objective on shares of Oshkosh in a report on Friday, January 30th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.56.

Oshkosh Stock Up 2.3%

Shares of OSK stock opened at $153.37 on Wednesday. Oshkosh Corporation has a 12 month low of $87.54 and a 12 month high of $180.49. The stock has a market cap of $9.61 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.77 and a beta of 1.33. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $152.68 and a two-hundred day simple moving average of $144.03.

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.