Public Employees Retirement System of Ohio Makes New $8.29 Million Investment in Oshkosh Corporation $OSK

Key Points

• Public Employees Retirement System of Ohio purchased 54,020 Oshkosh shares worth approximately $8.29 million, while institutional investors collectively own 92.36% of the company.
• Oshkosh reported quarterly EPS of $2.87, exceeding estimates of $2.63, and revenue of $2.92 billion, up 6.7% year over year. Analysts project current-year EPS of $10.72.
• The company pays a quarterly dividend of $0.57 per share, equivalent to $2.28 annually and a 1.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $170.71.

Public Employees Retirement System of Ohio purchased a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 54,020 shares of the company's stock, valued at approximately $8,291,000. Public Employees Retirement System of Ohio owned 0.09% of Oshkosh as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Oshkosh in the 2nd quarter valued at $913,816,000. Dimensional Fund Advisors LP boosted its stake in Oshkosh by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company's stock worth $449,166,000 after acquiring an additional 46,306 shares in the last quarter. LSV Asset Management grew its holdings in Oshkosh by 0.9% in the fourth 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. grew its holdings in Oshkosh by 20.4% in the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company's stock worth $223,337,000 after purchasing an additional 300,766 shares during the period. Finally, AQR Capital Management LLC increased its stake in Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company's stock valued at $193,728,000 after purchasing an additional 345,782 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Trading Up 0.3%

OSK opened at $154.46 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The firm has a market capitalization of $9.54 billion, a PE ratio of 17.67, a P/E/G ratio of 0.94 and a beta of 1.25. The company's 50-day moving average is $149.59 and its 200 day moving average is $147.82.

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 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 company's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, research analysts predict that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh's payout ratio is presently 26.09%.

Analyst Ratings Changes

OSK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $145.00 to $150.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Evercore reaffirmed an "outperform" rating and set a $181.00 price target on shares of Oshkosh in a research note on Monday, May 11th. Morgan Stanley cut their price target on Oshkosh from $157.00 to $150.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 12th. Truist Financial raised their price objective on Oshkosh from $176.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings upgraded Oshkosh from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $170.71.

Oshkosh Profile

Oshkosh Corporation NYSE: OSK is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

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