Strs Ohio Reduces Stake in Oshkosh Corporation $OSK

Strs Ohio reduced its stake in shares of Oshkosh Corporation (NYSE:OSK) by 89.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,529 shares of the company’s stock after selling 13,480 shares during the period. Strs Ohio’s holdings in Oshkosh were worth $198,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in Oshkosh by 43.4% during the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock valued at $21,180,000 after purchasing an additional 68,165 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Oshkosh by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock valued at $17,705,000 after buying an additional 14,122 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Oshkosh during the 1st quarter worth $567,000. Sivia Capital Partners LLC purchased a new stake in Oshkosh in the 2nd quarter worth about $325,000. Finally, Farther Finance Advisors LLC increased its holdings in Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

OSK has been the subject of a number of research reports. DA Davidson increased their target price on shares of Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday. Robert W. Baird set a $182.00 price objective on shares of Oshkosh in a research note on Friday. Wells Fargo & Company increased their target price on Oshkosh from $144.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.27.

Oshkosh Stock Performance

NYSE OSK opened at $149.55 on Tuesday. The company’s 50 day simple moving average is $137.43 and its two-hundred day simple moving average is $133.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $158.53. The stock has a market capitalization of $9.46 billion, a PE ratio of 14.92, a P/E/G ratio of 2.07 and a beta of 1.43.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $2.58 EPS. Analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, February 17th. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio (DPR) is currently 20.36%.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.