American Century Companies Inc. Purchases 235,496 Shares of Oshkosh Co. (NYSE:OSK)

American Century Companies Inc. boosted its position in Oshkosh Co. (NYSE:OSK) by 19.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,434,702 shares of the company’s stock after acquiring an additional 235,496 shares during the period. American Century Companies Inc. owned 2.19% of Oshkosh worth $155,235,000 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 company. Valley National Advisers Inc. grew its holdings in Oshkosh by 18.2% in the 1st quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock worth $77,000 after acquiring an additional 96 shares during the last quarter. US Bancorp DE grew its holdings in Oshkosh by 3.0% in the 1st quarter. US Bancorp DE now owns 4,522 shares of the company’s stock worth $564,000 after acquiring an additional 132 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 139 shares during the last quarter. GAMMA Investing LLC grew its holdings in Oshkosh by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after acquiring an additional 152 shares during the last quarter. Finally, NorthRock Partners LLC grew its holdings in Oshkosh by 6.0% in the 1st quarter. NorthRock Partners LLC now owns 2,735 shares of the company’s stock worth $341,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 0.0 %

Shares of Oshkosh stock opened at $97.58 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The stock has a market capitalization of $6.38 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.93 and a beta of 1.19. Oshkosh Co. has a 52-week low of $86.10 and a 52-week high of $127.98. The company has a 50-day simple moving average of $104.82 and a two-hundred day simple moving average of $111.57.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.34. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.69 earnings per share. On average, analysts anticipate that Oshkosh Co. will post 11.66 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.46 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.84 annualized dividend and a yield of 1.89%. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on OSK shares. JPMorgan Chase & Co. dropped their target price on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Evercore ISI dropped their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Truist Financial raised their target price on shares of Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus dropped their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Raymond James started coverage on shares of Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $125.79.

Oshkosh 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.