Oshkosh Corporation $OSK Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its stake in shares of Oshkosh Corporation (NYSE:OSK) by 6.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 57,639 shares of the company’s stock after selling 4,250 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Oshkosh were worth $8,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Southpoint Capital Advisors LP purchased a new stake in Oshkosh in the 4th quarter valued at $175,882,000. Norges Bank purchased a new position in shares of Oshkosh during the 4th quarter worth $127,907,000. First Trust Advisors LP raised its holdings in shares of Oshkosh by 408.7% during the 4th quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock worth $152,490,000 after acquiring an additional 975,206 shares during the period. Alliancebernstein L.P. boosted its position in shares of Oshkosh by 908.0% during the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock valued at $118,481,000 after acquiring an additional 822,874 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Oshkosh by 143.9% in the fourth quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock valued at $149,896,000 after purchasing an additional 704,022 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of OSK opened at $154.51 on Tuesday. The company has a market cap of $9.63 billion, a P/E ratio of 17.21, a PEG ratio of 0.77 and a beta of 1.23. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average price is $139.28 and its 200 day moving average price is $148.14.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.19). The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, research analysts forecast that Oshkosh Corporation will post 10.87 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were issued a $0.57 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is 25.39%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Robert W. Baird dropped their price target on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. JPMorgan Chase & Co. cut their price target on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Evercore reaffirmed an “outperform” rating and set a $181.00 price target on shares of Oshkosh in a research report on Monday, May 11th. Finally, Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.60.

Insider Buying and Selling

In related news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the transaction, the director directly owned 39,684 shares of the company’s stock, valued at $5,312,100.24. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by insiders.

About Oshkosh

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.