American Century Companies Inc. Sells 1,893,520 Shares of Oshkosh Corporation $OSK

American Century Companies Inc. cut its position in shares of Oshkosh Corporation (NYSE:OSK) by 66.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 965,267 shares of the company’s stock after selling 1,893,520 shares during the period. American Century Companies Inc.’s holdings in Oshkosh were worth $125,195,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sivia Capital Partners LLC grew its holdings in shares of Oshkosh by 2.8% in the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock valued at $382,000 after purchasing an additional 81 shares in the last quarter. ProShare Advisors LLC lifted its position in Oshkosh by 3.1% during the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock valued at $324,000 after purchasing an additional 87 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Oshkosh by 6.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after buying an additional 100 shares in the last quarter. First Business Financial Services Inc. grew its stake in shares of Oshkosh by 0.9% in the 3rd quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock worth $1,536,000 after buying an additional 103 shares in the last quarter. Finally, Brighton Jones LLC increased its holdings in shares of Oshkosh by 1.9% in the 3rd quarter. Brighton Jones LLC now owns 6,212 shares of the company’s stock worth $806,000 after buying an additional 114 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on OSK shares. Sanford C. Bernstein lifted their price target on Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Robert W. Baird set a $182.00 price objective on Oshkosh in a research note on Friday, January 30th. DA Davidson boosted their target price on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Finally, Truist Financial set a $183.00 price objective on shares of Oshkosh in a research note on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Oshkosh Trading Down 1.4%

OSK opened at $169.69 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average is $153.46 and its two-hundred day moving average is $139.26. The company has a market capitalization of $10.61 billion, a P/E ratio of 16.94, a PEG ratio of 0.86 and a beta of 1.37. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.58 EPS. Analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.57 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio (DPR) is presently 22.75%.

About Oshkosh

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.