Strs Ohio Makes New Investment in Oshkosh Corporation $OSK

Key Points

• Strs Ohio has invested approximately $1.45 million in Oshkosh Corporation by purchasing 15,380 shares in the first quarter.
• Oshkosh's stock recently rose by 1.8%, reaching a price of $136.30, with a market cap of $8.72 billion.
• The company announced a quarterly dividend of $0.51 per share, representing an annualized yield of 1.5% and a payout ratio of 20.48%.

Strs Ohio acquired a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,380 shares of the company's stock, valued at approximately $1,447,000.

A number of other institutional investors have also made changes to their positions in OSK. Parallel Advisors LLC grew its stake in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares during the period. CX Institutional acquired a new stake in shares of Oshkosh during the first quarter worth $28,000. Golden State Wealth Management LLC grew its stake in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares during the period. Signaturefd LLC grew its stake in shares of Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares during the period. Finally, Brooklyn Investment Group grew its stake in shares of Oshkosh by 107.6% during the first quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after purchasing an additional 370 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OSK has been the topic of several recent analyst reports. Bank of America lifted their target price on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. UBS Group set a $164.00 target price on Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. DA Davidson set a $160.00 target price on Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Citigroup reiterated a "buy" rating and set a $130.00 target price (up from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Oshkosh currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.08.

Oshkosh Stock Down 2.6%

OSK traded down $3.54 on Friday, hitting $132.73. 1,308,461 shares of the company were exchanged, compared to its average volume of 601,481. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The company has a market cap of $8.49 billion, a PE ratio of 13.33, a PEG ratio of 1.66 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The stock's fifty day moving average is $134.54 and its 200-day moving average is $111.68.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the company posted $3.34 earnings per share. Oshkosh's revenue was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh's dividend payout ratio is presently 20.48%.

Insider Activity

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer owned 10,459 shares of the company's stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the transaction, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

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.