Vestcor Inc Buys 3,660 Shares of Oshkosh Corporation $OSK

Vestcor Inc raised its stake in Oshkosh Corporation (NYSE:OSK) by 80.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,235 shares of the company’s stock after purchasing an additional 3,660 shares during the period. Vestcor Inc’s holdings in Oshkosh were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Keybank National Association OH bought a new stake in shares of Oshkosh in the 3rd quarter valued at about $422,000. Mutual Advisors LLC purchased a new stake in Oshkosh during the third quarter valued at approximately $849,000. Peterson Wealth Services boosted its stake in Oshkosh by 3,459.5% in the third quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock valued at $7,387,000 after acquiring an additional 55,352 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in Oshkosh in the third quarter worth $1,162,000. Finally, Asset Management One Co. Ltd. purchased a new position in Oshkosh in the third quarter worth $1,399,000. 92.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Wells Fargo & Company boosted their price target on Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Sanford C. Bernstein upped their price objective on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Bank of America raised shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective for the company in a research report on Tuesday, February 3rd. Finally, KeyCorp reissued an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.31.

Oshkosh Stock Performance

Shares of NYSE OSK traded down $2.77 during trading on Friday, reaching $147.09. 34,134 shares of the company traded hands, compared to its average volume of 839,134. The stock has a market cap of $9.20 billion, a P/E ratio of 14.68, a PEG ratio of 0.78 and a beta of 1.37. The firm’s fifty day simple moving average is $158.96 and its 200 day simple moving average is $140.53. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $180.49.

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

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio is 22.75%.

Insider Buying and Selling at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the transaction, the senior vice president directly owned 13,577 shares in the company, valued at $2,295,463.39. The trade was a 22.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Oshkosh Company 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.