Mutual of America Capital Management LLC Sells 1,473 Shares of Oshkosh Corporation $OSK

Mutual of America Capital Management LLC decreased its position in Oshkosh Corporation (NYSE:OSK) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,014 shares of the company’s stock after selling 1,473 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Oshkosh were worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Oshkosh by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock worth $769,303,000 after buying an additional 35,382 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Oshkosh by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock worth $251,417,000 after buying an additional 354,714 shares during the last quarter. American Century Companies Inc. lifted its position in Oshkosh by 14.7% in the 1st quarter. American Century Companies Inc. now owns 2,328,880 shares of the company’s stock worth $219,101,000 after buying an additional 298,470 shares during the last quarter. LSV Asset Management lifted its position in Oshkosh by 6.9% in the 1st quarter. LSV Asset Management now owns 1,726,606 shares of the company’s stock worth $162,439,000 after buying an additional 111,062 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Oshkosh by 267.3% in the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after buying an additional 992,313 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSK. Robert W. Baird boosted their target price on Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Citigroup lifted their price target on Oshkosh from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Evercore ISI reaffirmed an “outperform” rating on shares of Oshkosh in a research note on Tuesday, August 19th. Finally, Zacks Research cut Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.08.

Insider Activity at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the transaction, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Oshkosh Price Performance

OSK opened at $139.62 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The stock has a market capitalization of $8.94 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.66 and a beta of 1.47. The stock’s 50 day moving average price is $135.23 and its 200-day moving average price is $117.57.

Oshkosh (NYSE:OSK) last posted its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the previous year, the firm earned $3.34 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. Oshkosh’s payout ratio is 20.48%.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.