Capstone Asset Management Co. boosted its stake in shares of Oshkosh Corporation (NYSE:OSK) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,452 shares of the company’s stock after buying an additional 220 shares during the period. Capstone Asset Management Co.’s holdings in Oshkosh Corporation were worth $376,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in OSK. JPMorgan Chase & Co. increased its stake in shares of Oshkosh Corporation by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 1,252,345 shares of the company’s stock valued at $85,898,000 after buying an additional 142,745 shares in the last quarter. Martingale Asset Management L P purchased a new stake in shares of Oshkosh Corporation during the first quarter valued at $3,133,000. Alliancebernstein L.P. increased its stake in shares of Oshkosh Corporation by 4.4% in the first quarter. Alliancebernstein L.P. now owns 4,279,772 shares of the company’s stock valued at $293,550,000 after buying an additional 178,674 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of Oshkosh Corporation by 256.6% in the first quarter. Systematic Financial Management LP now owns 412,646 shares of the company’s stock valued at $28,303,000 after buying an additional 296,941 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock valued at $464,212,000 after buying an additional 973,348 shares in the last quarter. 95.68% of the stock is currently owned by institutional investors and hedge funds.
Oshkosh Corporation (NYSE OSK) opened at 73.38 on Friday. The company has a market capitalization of $5.49 billion, a PE ratio of 21.77 and a beta of 1.81. Oshkosh Corporation has a one year low of $50.77 and a one year high of $77.20. The firm’s 50-day moving average is $70.95 and its 200 day moving average is $68.64.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.51. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 earnings per share. On average, equities analysts expect that Oshkosh Corporation will post $3.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio (DPR) is 25.07%.
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OSK has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Barrington Research upped their price target on shares of Oshkosh Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Royal Bank Of Canada upped their price target on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a report on Thursday, July 13th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Oshkosh Corporation has an average rating of “Buy” and a consensus target price of $75.67.
In related news, Director Craig P. Omtvedt sold 7,050 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $74.82, for a total value of $527,481.00. Following the completion of the transaction, the director now directly owns 32,374 shares of the company’s stock, valued at $2,422,222.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP R Scott Grennier sold 4,883 shares of the company’s stock in a transaction that occurred 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 directly owns 4,912 shares of the company’s stock, valued at $365,452.80. The disclosure for this sale can be found here. Insiders sold 50,533 shares of company stock valued at $3,810,466 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.
About Oshkosh Corporation
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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