Maryland State Retirement & Pension System Sells 678 Shares of Oshkosh Corporation $OSK

Maryland State Retirement & Pension System reduced its stake in Oshkosh Corporation (NYSE:OSK) by 18.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,048 shares of the company’s stock after selling 678 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Oshkosh were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Parallel Advisors LLC lifted its position in Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. CX Institutional bought a new position in shares of Oshkosh during the 1st quarter valued at $28,000. Golden State Wealth Management LLC lifted its holdings in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after buying an additional 186 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after buying an additional 110 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after buying an additional 299 shares during the period. 92.36% of the stock is owned by institutional investors.

Oshkosh Trading Up 1.2%

OSK opened at $140.29 on Tuesday. The firm has a market cap of $8.98 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.72 and a beta of 1.43. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $141.98. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $123.76 and a 200 day moving average of $106.22.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping the consensus estimate of $2.98 by $0.43. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $3.34 earnings per share. As a group, research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is presently 20.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OSK shares. Robert W. Baird increased their price target on Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Evercore ISI raised their target price on Oshkosh from $137.00 to $147.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. UBS Group set a $164.00 price target on Oshkosh and gave the stock a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group upgraded Oshkosh from a “neutral” rating to a “buy” rating and increased their price target for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their price objective on Oshkosh from $92.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.08.

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.