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Mutual of America Capital Management LLC sells 1,457 shares of Oshkosh Co. (NYSE:OSK)


Mutual of America Capital Management LLC reduced its stake in Oshkosh Co. (NYSE:OSK – Free Report) by 3.6% during the first quarter, according to the company’s most recent 13F filing with the SEC. The firm owned 38,974 shares of the company’s stock after selling 1,457 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Oshkosh worth $4,860,000 at the end of the last quarter.

A number of other hedge funds have also made changes to their holdings in the company. Nordea Investment Management AB increased its stake in Oshkosh by 1.9% in the 1st quarter. Nordea Investment Management AB now owns 90,564 shares of the company’s stock valued at $11,293,000 after buying an additional 1,709 shares during the same period. Fidelis Capital Partners LLC acquired a new stake in Oshkosh in the 1st quarter valued at about $152,000. Janney Montgomery Scott LLC increased its stake in Oshkosh by 10.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,845 shares of the company’s stock valued at $4,470,000 after buying an additional 3,454 shares during the last quarter. Retirement Systems of Alabama increased its stake in Oshkosh by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 82,143 shares of the company’s stock valued at $10,244,000 after acquiring an additional 215 shares in the last quarter. Finally, Norden Group LLC bought a new stake in Oshkosh in the 1st quarter valued at $945,000. 92.36% of the shares are currently owned by institutional investors.

Changes in analyst ratings

Several research firms have commented on OSK. Bank of America raised their price target on shares of Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a report on Tuesday, May 28th. Raymond James assumed coverage on Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price target on the stock. StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Citigroup initiated coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Truist Financial decreased their price target on shares of Oshkosh from $132.00 to $123.00 and gave the company a “hold” rating in a research report on Tuesday, July 2. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.69.

Check out our latest stock analysis on Oshkosh

Price development of Oshkosh shares

Oshkosh shares opened at $102.26 on Wednesday. Oshkosh Co. has a 52-week low of $86.10 and a 52-week high of $127.98. The company has a market cap of $6.69 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.22. The stock’s 50-day moving average is $111.44 and its 200-day moving average is $112.85. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK – Get Free Report) last announced its quarterly earnings results on Thursday, April 25. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the company reported $1.59 earnings per share. The company’s revenue for the quarter increased 12.2% year-over-year. As a group, analysts expect Oshkosh Co. to report earnings per share of $11.21 for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28. Shareholders of record on Monday, May 13 were paid a dividend of $0.46. The ex-dividend date was Friday, May 10. This represents an annualized dividend of $1.84 and a dividend yield of 1.80%. Oshkosh’s payout ratio is currently 17.61%.

Oshkosh Profile

(Free report)

Oshkosh Corporation provides specialty vehicles and equipment worldwide. The company operates in three segments: Access, Defense and Professional. The Access Equipment segment designs and manufactures aerial work platforms and telehandlers for use in construction, industrial and maintenance applications; it offers financing and leasing solutions, including rental fleet loans, leasing, and floor plan and retail financing; and towing and recovery equipment, including carriers, tow trucks and rotators; it also offers equipment installation and the sale of chassis and service parts.

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Institutional ownership by quarter for Oshkosh (NYSE:OSK)



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