Louisiana State Employees Retirement System Buys Shares of 18,400 Oshkosh Co. (NYSE:OSK)

Louisiana State Employees Retirement System bought a new stake in shares of Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,400 shares of the company’s stock, valued at approximately $1,995,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. State of Michigan Retirement System boosted its position in Oshkosh by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 15,708 shares of the company’s stock valued at $1,703,000 after acquiring an additional 100 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after acquiring an additional 111 shares in the last quarter. Citigroup Inc. boosted its position in Oshkosh by 1.1% during the 2nd quarter. Citigroup Inc. now owns 11,388 shares of the company’s stock valued at $986,000 after acquiring an additional 125 shares in the last quarter. Tributary Capital Management LLC boosted its position in Oshkosh by 2.0% during the 4th quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock valued at $754,000 after acquiring an additional 135 shares in the last quarter. Finally, First National Bank of Omaha boosted its position in Oshkosh by 0.9% during the 2nd quarter. First National Bank of Omaha now owns 16,321 shares of the company’s stock valued at $1,413,000 after acquiring an additional 148 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK stock opened at $118.62 on Thursday. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. 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 business has a fifty day moving average of $116.37 and a 200 day moving average of $105.89. Oshkosh Co. has a 1 year low of $72.09 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.32. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $1.60 EPS. As a group, research analysts expect that Oshkosh Co. will post 10.33 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.55%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio (DPR) is presently 20.26%.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh 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 owns 13,499 shares in the company, valued at approximately $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OSK shares. JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Tuesday. StockNews.com raised Oshkosh from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Truist Financial started coverage on Oshkosh in a research report on Thursday, March 14th. They issued a “hold” rating and a $121.00 price objective for the company. The Goldman Sachs Group raised 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. Finally, Evercore ISI raised their price objective on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average price target of $120.25.

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.