Oshkosh Corporation $OSK Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lifted its position in Oshkosh Corporation (NYSE:OSK) by 26.6% during the second quarter, Holdings Channel reports. The institutional investor owned 57,278 shares of the company’s stock after buying an additional 12,035 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Oshkosh were worth $6,503,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OSK. Nuveen LLC bought a new stake in Oshkosh in the first quarter worth about $23,542,000. Russell Investments Group Ltd. boosted its position in shares of Oshkosh by 477.4% during the 1st quarter. Russell Investments Group Ltd. now owns 60,962 shares of the company’s stock valued at $5,735,000 after purchasing an additional 50,404 shares in the last quarter. Cresset Asset Management LLC acquired a new position in shares of Oshkosh in the 1st quarter worth approximately $213,000. Raymond James Financial Inc. raised its holdings in shares of Oshkosh by 6.8% in the 1st quarter. Raymond James Financial Inc. now owns 95,095 shares of the company’s stock worth $8,947,000 after purchasing an additional 6,032 shares in the last quarter. Finally, Versor Investments LP bought a new stake in shares of Oshkosh in the 1st quarter worth approximately $292,000. Institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Wells Fargo & Company began coverage on Oshkosh in a report on Thursday, November 13th. They issued an “overweight” rating and a $144.00 target price on the stock. Evercore ISI reaffirmed an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Finally, Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.20.

Oshkosh Price Performance

OSK opened at $128.58 on Wednesday. The firm has a market capitalization of $8.13 billion, a P/E ratio of 12.54, a PEG ratio of 1.64 and a beta of 1.41. The stock has a fifty day moving average of $128.34 and a 200-day moving average of $127.60. The company has a quick ratio of 0.99, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $144.30.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.08. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.Oshkosh’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 earnings per share. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Equities analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, November 17th. Oshkosh’s dividend payout ratio is 19.90%.

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.