Mutual of America Capital Management LLC Sells 17,724 Shares of Oshkosh Co. (NYSE:OSK)

Mutual of America Capital Management LLC lessened its holdings in Oshkosh Co. (NYSE:OSK) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,431 shares of the company’s stock after selling 17,724 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Oshkosh worth $4,383,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. GHP Investment Advisors Inc. raised its holdings in Oshkosh by 10.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 22,278 shares of the company’s stock valued at $2,415,000 after buying an additional 2,148 shares during the last quarter. Eastern Bank raised its holdings in Oshkosh by 0.6% in the 4th quarter. Eastern Bank now owns 104,639 shares of the company’s stock valued at $11,344,000 after buying an additional 609 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Oshkosh by 10,744.4% in the 4th quarter. International Assets Investment Management LLC now owns 976 shares of the company’s stock valued at $106,000 after buying an additional 967 shares during the last quarter. Tritonpoint Wealth LLC bought a new position in Oshkosh in the 4th quarter valued at approximately $602,000. Finally, ABLE Financial Group LLC raised its holdings in Oshkosh by 38.3% in the 4th quarter. ABLE Financial Group LLC now owns 5,602 shares of the company’s stock valued at $607,000 after buying an additional 1,551 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

OSK has been the subject of several analyst reports. DA Davidson upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and raised their price target for the stock from $122.00 to $130.00 in a report on Friday, March 1st. TheStreet upgraded shares of Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. StockNews.com upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Morgan Stanley initiated coverage on shares of Oshkosh in a report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price target for the company. Finally, Stifel Nicolaus raised their price target on shares of Oshkosh from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $118.63.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.58% of the company’s stock.

Oshkosh Stock Performance

NYSE OSK opened at $120.29 on Tuesday. The company has a fifty day simple moving average of $116.07 and a 200 day simple moving average of $105.63. Oshkosh Co. has a 12-month low of $72.09 and a 12-month high of $127.98. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.89 billion, a P/E ratio of 13.25, a PEG ratio of 1.56 and a beta of 1.29.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.32. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the firm posted $1.60 EPS. Oshkosh’s revenue was up 12.1% compared to the same quarter last year. Sell-side analysts predict that Oshkosh Co. will post 10.32 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.53%. This is an increase from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 14th. Oshkosh’s payout ratio is currently 20.26%.

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.