California State Teachers Retirement System Has $11.16 Million Holdings in Oshkosh Corporation $OSK

California State Teachers Retirement System cut its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,729 shares of the company's stock after selling 1,424 shares during the period. California State Teachers Retirement System owned about 0.12% of Oshkosh worth $11,162,447 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameritas Advisory Services LLC grew its holdings in Oshkosh by 87.3% during the second quarter. Ameritas Advisory Services LLC now owns 3,994 shares of the company's stock valued at $613,000 after purchasing an additional 1,862 shares during the period. HB Wealth Management LLC boosted its holdings in Oshkosh by 91.9% in the second quarter. HB Wealth Management LLC now owns 5,250 shares of the company's stock valued at $806,000 after purchasing an additional 2,514 shares during the period. NBH Bank purchased a new stake in shares of Oshkosh during the second quarter worth approximately $70,000. AlphaGrep UK Ltd acquired a new position in shares of Oshkosh in the second quarter worth $364,000. Finally, Timbuktu Capital Management LLC acquired a new position in shares of Oshkosh during the second quarter worth about $144,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Oshkosh stock traded down $0.01 on Tuesday, hitting $143.39. The company's stock had a trading volume of 176,555 shares, compared to its average volume of 739,294. The firm has a market cap of $8.85 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49. The company has a fifty day moving average price of $150.51 and a 200-day moving average price of $146.33.

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

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.57 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.28 annualized dividend and a yield of 1.6%. Oshkosh's dividend payout ratio (DPR) is presently 26.09%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OSK shares. Barclays lifted 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. Robert W. Baird raised their price objective on shares of Oshkosh from $172.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $145.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. DA Davidson boosted their price target on Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Oshkosh from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $170.71.

Oshkosh 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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