Louisiana State Employees Retirement System Decreases Stock Position in Oshkosh Corporation $OSK

Louisiana State Employees Retirement System lowered its stake in Oshkosh Corporation (NYSE:OSK) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,100 shares of the company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Oshkosh were worth $2,055,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of OSK. UMB Bank n.a. lifted its stake in Oshkosh by 221.7% in the 1st quarter. UMB Bank n.a. now owns 740 shares of the company’s stock worth $70,000 after purchasing an additional 510 shares in the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of Oshkosh during the 1st quarter valued at about $2,130,000. CX Institutional purchased a new stake in shares of Oshkosh during the 1st quarter valued at about $28,000. Simon Quick Advisors LLC purchased a new stake in shares of Oshkosh during the 1st quarter valued at about $264,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Oshkosh by 159.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,013 shares of the company’s stock valued at $2,730,000 after buying an additional 17,829 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Oshkosh stock opened at $124.21 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The firm has a market capitalization of $7.95 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. The company’s 50-day moving average is $135.80 and its 200 day moving average is $115.03.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. Oshkosh’s dividend payout ratio (DPR) is 20.48%.

Insider Buying and Selling

In other news, CMO Bryan K. Brandt sold 1,732 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on OSK shares. Evercore ISI restated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. KeyCorp upped their target price on shares of Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday. Finally, The Goldman Sachs Group raised shares of Oshkosh from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.25.

Oshkosh 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.