Louisiana State Employees Retirement System Acquires New Shares in Oshkosh Co. (NYSE:OSK)

Louisiana State Employees Retirement System bought a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,400 shares of the company's stock, valued at approximately $1,995,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Money Concepts Capital Corp increased its stake in shares of Oshkosh by 1,359.1% during the 4th quarter. Money Concepts Capital Corp now owns 321 shares of the company's stock worth $28,000 after purchasing an additional 299 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Oshkosh in the third quarter valued at approximately $32,000. Venturi Wealth Management LLC boosted its stake in shares of Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company's stock worth $34,000 after acquiring an additional 111 shares during the period. Belpointe Asset Management LLC increased its holdings in shares of Oshkosh by 108.5% during the 1st quarter. Belpointe Asset Management LLC now owns 513 shares of the company's stock worth $43,000 after acquiring an additional 267 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new stake in Oshkosh in the 2nd quarter valued at $48,000. 92.36% of the stock is owned by institutional investors.

Oshkosh Price Performance

OSK stock traded down $0.96 during trading on Thursday, reaching $117.65. 373,977 shares of the company were exchanged, compared to its average volume of 496,185. Oshkosh Co. has a twelve month low of $72.09 and a twelve month high of $127.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 1.53 and a beta of 1.29. The company has a 50-day moving average of $116.46 and a two-hundred day moving average of $105.97.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the company posted $1.60 EPS. Oshkosh's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that Oshkosh Co. will post 10.33 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.41. Oshkosh's payout ratio is 20.26%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OSK. Evercore ISI increased their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the company an "outperform" rating in a research report on Tuesday, February 20th. UBS Group boosted their price target on Oshkosh from $117.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. The Goldman Sachs Group increased their price objective on Oshkosh from $104.00 to $116.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 31st. StockNews.com raised shares of Oshkosh from a "hold" rating to a "buy" rating in a research report on Monday, April 8th. Finally, DA Davidson raised shares of Oshkosh from a "neutral" rating to a "buy" rating and raised their price target for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.25.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by company insiders.

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.