VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Oshkosh Corporation $OSK

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Oshkosh Corporation (NYSE:OSK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,800 shares of the company’s stock, valued at approximately $2,362,000.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Oshkosh by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock worth $769,303,000 after acquiring an additional 35,382 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock worth $251,417,000 after acquiring an additional 354,714 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Oshkosh by 14.7% in the first quarter. American Century Companies Inc. now owns 2,328,880 shares of the company’s stock worth $219,101,000 after acquiring an additional 298,470 shares during the last quarter. LSV Asset Management raised its stake in shares of Oshkosh by 6.9% during the first quarter. LSV Asset Management now owns 1,726,606 shares of the company’s stock worth $162,439,000 after buying an additional 111,062 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Oshkosh by 267.3% during the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after buying an additional 992,313 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OSK has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Zacks Research downgraded shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $147.08.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the transaction, the senior vice president owned 13,716 shares in the company, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the company’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 completion of the transaction, the chief marketing officer owned 10,459 shares of the company’s stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Oshkosh Stock Up 1.3%

Shares of NYSE OSK opened at $136.52 on Wednesday. The stock has a market cap of $8.74 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.68 and a beta of 1.47. The firm has a 50 day moving average price of $135.40 and a 200 day moving average price of $117.06. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30.

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

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s payout ratio is currently 20.48%.

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.