Strs Ohio Has $1.94 Million Stock Position in Oshkosh Co. (NYSE:OSK)

Strs Ohio decreased its holdings in Oshkosh Co. (NYSE:OSK) by 15.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,904 shares of the company’s stock after selling 3,187 shares during the quarter. Strs Ohio’s holdings in Oshkosh were worth $1,940,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in OSK. Money Concepts Capital Corp raised its holdings in shares of Oshkosh by 1,359.1% in the fourth quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 299 shares during the last quarter. BluePath Capital Management LLC purchased a new position in Oshkosh during the third quarter worth about $32,000. Venturi Wealth Management LLC grew its position in Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after purchasing an additional 111 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Oshkosh by 108.5% in the 1st quarter. Belpointe Asset Management LLC now owns 513 shares of the company’s stock valued at $43,000 after buying an additional 267 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Oshkosh during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK opened at $117.72 on Friday. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $127.98. The stock’s 50-day simple moving average is $116.58 and its 200 day simple moving average is $106.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.32. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 earnings per share. Research analysts forecast that Oshkosh Co. will post 10.33 EPS for the current fiscal year.

Oshkosh Increases Dividend

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

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,234 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is available through this link. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

OSK has been the subject of several recent analyst reports. TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. DA Davidson raised Oshkosh from a “neutral” rating to a “buy” rating and raised their target price for the company from $122.00 to $130.00 in a research report on Friday, March 1st. Wells Fargo & Company boosted their price target on shares of Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Citigroup raised their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, UBS Group boosted their target price on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus price target of $120.25.

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.