Oshkosh Corporation (NYSE:OSK) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 20.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,137 shares of the company's stock after purchasing an additional 4,203 shares during the quarter. Teacher Retirement System of Texas' holdings in Oshkosh were worth $2,365,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Synovus Financial Corp increased its stake in Oshkosh by 0.4% in the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after purchasing an additional 106 shares during the period. Coppell Advisory Solutions LLC increased its stake in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 110 shares during the period. Captrust Financial Advisors increased its stake in Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after purchasing an additional 122 shares during the period. Parallel Advisors LLC increased its stake in Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in Oshkosh by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 28,677 shares of the company's stock valued at $2,726,000 after purchasing an additional 180 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OSK has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. DA Davidson lowered their target price on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Citigroup reaffirmed a "buy" rating and issued a $130.00 target price (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Finally, Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and lifted their target price for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.85.

Oshkosh Trading Down 0.5%

NYSE:OSK traded down $0.65 during trading hours on Friday, reaching $125.97. 593,096 shares of the company were exchanged, compared to its average volume of 680,207. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.84 and a beta of 1.43. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $129.02. The stock has a 50 day simple moving average of $107.26 and a 200 day simple moving average of $99.82.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) 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 analyst estimates of $2.42 billion. During the same period in the previous year, the company earned $2.89 EPS. Oshkosh's revenue was down 9.1% on a year-over-year basis. As a group, analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's payout ratio is currently 21.79%.

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.