Strs Ohio Purchases 2,728 Shares of Oshkosh Co. (NYSE:OSK)

Posted by on Jul 19th, 2023

Strs Ohio raised its position in Oshkosh Co. (NYSE:OSK – Free Report) by 13.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 22,636 shares of the company’s stock after acquiring an additional 2,728 shares during the period. Strs Ohio’s holdings in Oshkosh were worth $1,882,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of OSK. Vanguard Group Inc. lifted its position in shares of Oshkosh by 0.7% in the third quarter. Vanguard Group Inc. now owns 6,179,092 shares of the company’s stock worth $434,329,000 after purchasing an additional 44,117 shares in the last quarter. American Century Companies Inc. lifted its position in Oshkosh by 22.4% during the 4th quarter. American Century Companies Inc. now owns 3,938,229 shares of the company’s stock worth $347,312,000 after buying an additional 721,154 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Oshkosh by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 3,281,336 shares of the company’s stock worth $289,551,000 after buying an additional 403,703 shares during the last quarter. Greenhaven Associates Inc. grew its holdings in shares of Oshkosh by 12.6% in the 1st quarter. Greenhaven Associates Inc. now owns 1,957,309 shares of the company’s stock valued at $162,809,000 after acquiring an additional 219,635 shares in the last quarter. Finally, State Street Corp increased its position in shares of Oshkosh by 3.2% in the first quarter. State Street Corp now owns 1,829,620 shares of the company’s stock valued at $184,151,000 after acquiring an additional 56,351 shares during the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.

Oshkosh Stock Up 2.8 %

Shares of NYSE OSK opened at $91.54 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 0.41 and a beta of 1.41. Oshkosh Co. has a 12 month low of $69.30 and a 12 month high of $106.66. The stock has a 50-day moving average price of $81.12 and a two-hundred day moving average price of $85.03.

Oshkosh (NYSE:OSK – Get Free Report) last issued its earnings results on Thursday, April 27th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.00 by $0.59. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.09 billion. Oshkosh had a return on equity of 9.92% and a net margin of 2.90%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. As a group, analysts forecast that Oshkosh Co. will post 6.1 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Monday, May 15th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, May 12th. Oshkosh’s payout ratio is 43.27%.

Analysts Set New Price Targets

Several research analysts recently commented on OSK shares. Stifel Nicolaus decreased their price target on Oshkosh from $109.00 to $101.00 in a research note on Friday, April 28th. The Goldman Sachs Group lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and set a $94.00 price target on the stock. in a research report on Monday, April 3rd. StockNews.com raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Credit Suisse Group lowered their price objective on shares of Oshkosh from $113.00 to $96.00 in a research note on Friday, April 28th. Finally, Raymond James cut their target price on shares of Oshkosh from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, March 29th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.93.

Oshkosh Company Profile

(Free Report)

Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. 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.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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