New York State Teachers Retirement System Sells 4,903 Shares of Oshkosh Corporation (NYSE:OSK)

New York State Teachers Retirement System trimmed its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,562 shares of the company's stock after selling 4,903 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of Oshkosh worth $7,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Semanteon Capital Management LP lifted its stake in shares of Oshkosh by 29.1% during the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock valued at $1,409,000 after buying an additional 3,342 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Oshkosh in the 1st quarter worth $263,000. Advisors Asset Management Inc. increased its holdings in shares of Oshkosh by 9.7% in the 4th quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company's stock worth $5,226,000 after buying an additional 4,846 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Oshkosh by 159.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,013 shares of the company's stock valued at $2,730,000 after purchasing an additional 17,829 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Oshkosh in the 4th quarter valued at $72,692,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of OSK traded up $1.15 during trading hours on Tuesday, reaching $125.69. 1,343,718 shares of the stock traded hands, compared to its average volume of 674,934. The company has a market cap of $8.09 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 1.82 and a beta of 1.43. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $127.69. The company's 50-day moving average price is $104.88 and its two-hundred day moving average price is $99.17.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm posted $2.89 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is 21.79%.

Analysts Set New Price Targets

OSK has been the subject of several analyst reports. Citigroup reissued a "buy" rating and set a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and increased their price target for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. DA Davidson reduced their price objective on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Finally, KeyCorp reduced their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Oshkosh currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.14.

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.