Thrivent Financial For Lutherans Has $134.12 Million Holdings in Oshkosh Corporation (OSK)
Thrivent Financial For Lutherans raised its stake in Oshkosh Corporation (NYSE:OSK) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,947,210 shares of the company’s stock after buying an additional 6,350 shares during the quarter. Thrivent Financial For Lutherans owned approximately 2.60% of Oshkosh Corporation worth $134,123,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Raymond James Trust N.A. grew its holdings in Oshkosh Corporation by 0.9% in the 2nd quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after buying an additional 28 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Oshkosh Corporation by 3.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock valued at $140,000 after buying an additional 68 shares in the last quarter. 1st Global Advisors Inc. grew its holdings in Oshkosh Corporation by 2.2% in the 1st quarter. 1st Global Advisors Inc. now owns 4,303 shares of the company’s stock valued at $295,000 after buying an additional 91 shares in the last quarter. Arizona State Retirement System grew its holdings in Oshkosh Corporation by 0.3% in the 1st quarter. Arizona State Retirement System now owns 31,000 shares of the company’s stock valued at $2,126,000 after buying an additional 94 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Oshkosh Corporation by 2.0% in the 1st quarter. M&T Bank Corp now owns 5,074 shares of the company’s stock valued at $348,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 94.62% of the company’s stock.
Several brokerages have recently commented on OSK. Zacks Investment Research lowered Oshkosh Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada upped their price target on Oshkosh Corporation from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Deutsche Bank AG upped their price target on Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. BidaskClub raised Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, Drexel Hamilton raised Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Friday, August 4th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $75.67.
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In related news, VP Robert S. Messina sold 3,400 shares of Oshkosh Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $75.23, for a total value of $255,782.00. Following the transaction, the vice president now owns 12,558 shares in the company, valued at $944,738.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP R Scott Grennier sold 4,883 shares of Oshkosh Corporation stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $74.40, for a total value of $363,295.20. Following the completion of the transaction, the vice president now owns 4,912 shares in the company, valued at approximately $365,452.80. The disclosure for this sale can be found here. Insiders sold 50,533 shares of company stock worth $3,810,466 in the last quarter. 2.00% of the stock is owned by insiders.
Oshkosh Corporation (NYSE:OSK) traded up 1.57% during trading on Friday, reaching $77.13. The company had a trading volume of 559,245 shares. The company has a market capitalization of $5.77 billion, a P/E ratio of 22.89 and a beta of 1.77. The firm’s 50 day moving average is $73.69 and its 200-day moving average is $69.44. Oshkosh Corporation has a 12 month low of $50.77 and a 12 month high of $77.22.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts expect that Oshkosh Corporation will post $3.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, August 16th. Oshkosh Corporation’s payout ratio is currently 25.07%.
Oshkosh Corporation Company Profile
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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