Oshkosh Corporation $OSK Position Boosted by California State Teachers Retirement System

California State Teachers Retirement System increased its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 14,953.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,162,447 shares of the company's stock after acquiring an additional 11,088,294 shares during the period. California State Teachers Retirement System owned about 18.08% of Oshkosh worth $1,713,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Oshkosh in the second quarter worth about $913,816,000. Dimensional Fund Advisors LP grew its position in Oshkosh by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company's stock worth $449,166,000 after purchasing an additional 46,306 shares during the last quarter. LSV Asset Management increased its holdings in shares of Oshkosh by 0.9% during the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company's stock worth $240,427,000 after purchasing an additional 17,944 shares during the period. Invesco Ltd. lifted its stake in shares of Oshkosh by 20.4% in the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company's stock valued at $223,337,000 after buying an additional 300,766 shares during the period. Finally, AQR Capital Management LLC grew its position in Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company's stock worth $193,728,000 after buying an additional 345,782 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $145.00 to $150.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Barclays increased their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. DA Davidson lifted their target price on shares of Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Finally, Robert W. Baird lifted their price objective on Oshkosh from $172.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.71.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $146.11 on Friday. The firm has a fifty day moving average of $150.53 and a two-hundred day moving average of $146.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.09 and a beta of 1.27. Oshkosh Corporation has a 52 week low of $116.77 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The firm's revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities research analysts predict that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, August 13th. Oshkosh's payout ratio is 26.09%.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a manufacturer of specialty vehicles and equipment headquartered in Oshkosh, Wisconsin. Founded in 1917, the company serves commercial, government and municipal customers in markets that require purpose-built vehicles for demanding operating environments.

Oshkosh operates through businesses focused on access equipment, defense, fire apparatus and vocational vehicles. Its products include aerial work platforms and other equipment used in construction and industrial applications; tactical vehicles, trailers and related systems for defense and security customers; fire trucks, airport rescue vehicles and emergency response equipment; and vocational vehicles for refuse collection, concrete placement, snow removal and other specialized tasks.

The company serves customers in North America and international markets through a combination of manufacturing operations, dealerships, distributors and direct sales.

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