Teacher Retirement System of Texas Grows Stake in Oshkosh Corporation (NYSE:OSK)

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

Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 127 shares during the period. CX Institutional acquired a new stake in Oshkosh during the 1st quarter valued at $28,000. Coppell Advisory Solutions LLC grew its holdings in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after buying an additional 110 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after buying an additional 186 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Oshkosh during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Trading Down 0.8%

Shares of OSK traded down $1.03 during trading hours on Friday, hitting $125.59. The stock had a trading volume of 178,136 shares, compared to its average volume of 675,898. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The firm has a market cap of $8.08 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.84 and a beta of 1.43. The company's fifty day simple moving average is $106.52 and its 200 day simple moving average is $99.57. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $129.70.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the business posted $2.89 earnings per share. Equities research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley lowered their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird increased their target price on Oshkosh from $135.00 to $169.00 and gave the company an "outperform" rating in a report on Friday, June 6th. JPMorgan Chase & Co. increased their price target on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. KeyCorp reduced their price target on Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and increased their price target for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.29.

About Oshkosh

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.