American Century Companies Inc. Acquires 29,904 Shares of Oshkosh Corporation (OSK)
American Century Companies Inc. increased its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 719,023 shares of the company’s stock after purchasing an additional 29,904 shares during the period. American Century Companies Inc. owned approximately 0.96% of Oshkosh Corporation worth $59,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Raymond James Trust N.A. grew its position in Oshkosh Corporation by 0.9% during the second 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 during the period. Hanseatic Management Services Inc. grew its position in Oshkosh Corporation by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 15,738 shares of the company’s stock valued at $1,084,000 after buying an additional 41 shares during the period. M&T Bank Corp grew its position in Oshkosh Corporation by 1.2% during the second quarter. M&T Bank Corp now owns 5,135 shares of the company’s stock valued at $353,000 after buying an additional 61 shares during the period. Advisors Asset Management Inc. grew its position in Oshkosh Corporation by 3.5% during the second 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 during the period. Finally, Paradigm Asset Management Co. LLC grew its position in Oshkosh Corporation by 4.7% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock valued at $155,000 after buying an additional 100 shares during the period. 93.92% of the stock is owned by hedge funds and other institutional investors.
Oshkosh Corporation (NYSE OSK) opened at $84.90 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.81. Oshkosh Corporation has a 52 week low of $61.74 and a 52 week high of $94.16. The company has a market cap of $6,352.98, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.14 and a beta of 1.87.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.36. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Oshkosh Corporation’s quarterly revenue was up 11.8% compared to the same quarter last year. equities analysts predict that Oshkosh Corporation will post 4.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 15th. This is an increase from Oshkosh Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 1.13%. Oshkosh Corporation’s payout ratio is 22.34%.
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OSK has been the topic of several analyst reports. Citigroup Inc. raised their price target on shares of Oshkosh Corporation from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, October 13th. ValuEngine upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. KeyCorp reiterated a “buy” rating and issued a $85.00 target price on shares of Oshkosh Corporation in a research report on Sunday, September 17th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $90.00 target price on shares of Oshkosh Corporation in a research report on Friday, October 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $86.00 target price (up previously from $80.00) on shares of Oshkosh Corporation in a research report on Monday, October 9th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Oshkosh Corporation presently has an average rating of “Buy” and a consensus price target of $92.85.
In other news, VP Colleen R. Moynihan sold 5,259 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $88.19, for a total value of $463,791.21. Following the sale, the vice president now directly owns 4,647 shares of the company’s stock, valued at approximately $409,818.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colleen R. Moynihan sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total transaction of $350,480.00. Following the completion of the sale, the vice president now directly owns 7,347 shares in the company, valued at $643,744.14. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Oshkosh Corporation 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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