Retirement Systems of Alabama Boosts Holdings in Oshkosh Co. (NYSE:OSK)

Retirement Systems of Alabama raised its stake in shares of Oshkosh Co. (NYSE:OSK) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 81,928 shares of the company’s stock after acquiring an additional 392 shares during the period. Retirement Systems of Alabama’s holdings in Oshkosh were worth $8,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Callan Capital LLC bought a new position in shares of Oshkosh during the fourth quarter worth $366,000. Alaska Permanent Fund Corp bought a new position in shares of Oshkosh during the 4th quarter valued at about $441,000. GAMMA Investing LLC purchased a new position in shares of Oshkosh during the fourth quarter valued at about $42,000. Foundry Partners LLC bought a new stake in shares of Oshkosh in the fourth quarter worth about $6,315,000. Finally, North Star Asset Management Inc. lifted its position in shares of Oshkosh by 180.5% in the fourth quarter. North Star Asset Management Inc. now owns 7,138 shares of the company’s stock worth $774,000 after buying an additional 4,593 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

OSK has been the topic of a number of research reports. The Goldman Sachs Group lifted their price objective on Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Evercore ISI lifted their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Stifel Nicolaus upped their target price on shares of Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

Oshkosh Stock Up 0.9 %

NYSE:OSK opened at $114.38 on Friday. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. Oshkosh Co. has a twelve month low of $72.09 and a twelve month high of $127.98. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $117.96 and a 200-day simple moving average of $107.62.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. Analysts anticipate that Oshkosh Co. will post 11.16 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.84 annualized dividend and a yield of 1.61%. Oshkosh’s dividend payout ratio (DPR) is currently 17.61%.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.64% of the stock is currently owned by company insiders.

Oshkosh 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.