State of Alaska Department of Revenue Boosts Stock Position in Oshkosh Corporation (NYSE:OSK)

State of Alaska Department of Revenue boosted its holdings in Oshkosh Corporation (NYSE:OSK) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,625 shares of the company’s stock after purchasing an additional 205 shares during the period. State of Alaska Department of Revenue’s holdings in Oshkosh were worth $2,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the last quarter. Parallel Advisors LLC boosted its position in Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after purchasing an additional 127 shares during the last quarter. CX Institutional purchased a new position in Oshkosh in the first quarter worth $28,000. Coppell Advisory Solutions LLC boosted its position in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after purchasing an additional 110 shares during the last quarter. Finally, Twin Tree Management LP purchased a new position in Oshkosh in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

OSK has been the topic of a number of recent research reports. Citigroup reaffirmed an “underperform” rating on shares of Oshkosh in a research report on Friday, June 6th. Evercore ISI upped their price target on Oshkosh from $137.00 to $147.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Oshkosh in a research report on Friday, June 6th. Bank of America upped their price target on Oshkosh from $90.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, June 6th. Finally, Robert W. Baird upped their price target on Oshkosh from $135.00 to $169.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $120.29.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $108.68 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $7.00 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.41. The business’s 50-day moving average price is $97.74 and its 200-day moving average price is $97.69. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $118.39.

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

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh’s dividend payout ratio is presently 21.79%.

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.