American Century Companies Inc. Grows Position in Oshkosh Co. (NYSE:OSK)

American Century Companies Inc. increased its position in shares of Oshkosh Co. (NYSE:OSK) by 23.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,030,410 shares of the company’s stock after buying an additional 384,141 shares during the quarter. American Century Companies Inc. owned about 3.12% of Oshkosh worth $193,031,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Oshkosh by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after buying an additional 28,478 shares during the last quarter. Barclays PLC lifted its position in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after acquiring an additional 32,435 shares during the period. Virtu Financial LLC acquired a new stake in Oshkosh during the 3rd quarter worth approximately $504,000. Y Intercept Hong Kong Ltd lifted its position in Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after acquiring an additional 7,334 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its position in Oshkosh by 3.4% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after acquiring an additional 4,680 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK stock opened at $95.75 on Friday. The stock has a fifty day moving average price of $101.44 and a 200 day moving average price of $102.31. The stock has a market cap of $6.18 billion, a PE ratio of 9.25, a P/E/G ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 1 year low of $89.08 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Sell-side analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.51 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 2.13%. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OSK. Truist Financial increased their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Evercore ISI increased their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group decreased their price objective on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Finally, UBS Group raised their price target on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $124.38.

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.