Peterson Wealth Services Purchases 55,352 Shares of Oshkosh Corporation $OSK

Peterson Wealth Services grew its position in Oshkosh Corporation (NYSE:OSK) by 3,459.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 56,952 shares of the company’s stock after purchasing an additional 55,352 shares during the period. Oshkosh accounts for 1.7% of Peterson Wealth Services’ investment portfolio, making the stock its 14th biggest holding. Peterson Wealth Services’ holdings in Oshkosh were worth $7,387,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. bought a new position in Oshkosh in the third quarter valued at about $1,399,000. Thrivent Financial for Lutherans raised its holdings in Oshkosh by 30.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 19,905 shares of the company’s stock worth $2,260,000 after purchasing an additional 4,650 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Oshkosh by 729.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,574 shares of the company’s stock valued at $2,020,000 after purchasing an additional 13,696 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Oshkosh by 2,101.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,676 shares of the company’s stock valued at $417,000 after purchasing an additional 3,509 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Oshkosh by 171.3% during the 3rd quarter. Voya Investment Management LLC now owns 25,200 shares of the company’s stock worth $3,268,000 after buying an additional 15,913 shares during the period. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on OSK shares. Truist Financial set a $183.00 price objective on shares of Oshkosh in a report on Friday. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp restated an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Zacks Research downgraded Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, Argus cut their target price on Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

Oshkosh Stock Performance

OSK stock opened at $149.55 on Tuesday. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $158.53. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The firm has a market cap of $9.46 billion, a PE ratio of 14.92, a P/E/G ratio of 2.07 and a beta of 1.43. The business’s 50-day moving average price is $137.43 and its two-hundred day moving average price is $133.95.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 earnings per share. As a group, research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.57 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 annualized dividend and a yield of 1.5%. Oshkosh’s dividend payout ratio is 20.36%.

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.