State of New Jersey Common Pension Fund D Sells 1,658 Shares of Oshkosh Corporation $OSK

State of New Jersey Common Pension Fund D reduced its position in shares of Oshkosh Corporation (NYSE:OSK) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,743 shares of the company’s stock after selling 1,658 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Oshkosh were worth $2,355,000 as of its most recent SEC filing.

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

Insider Activity at Oshkosh

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 stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the sale, the senior vice president directly owned 13,716 shares of the company’s stock, valued at $1,906,935.48. This represents a 22.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. KeyCorp boosted their price objective on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Truist Financial boosted their price objective on Oshkosh from $155.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. DA Davidson set a $160.00 price objective on Oshkosh and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, UBS Group set a $164.00 price objective on Oshkosh and gave the company a “buy” rating in a research note on Tuesday, August 5th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.08.

Oshkosh Stock Down 1.2%

Shares of OSK opened at $137.51 on Wednesday. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.47. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $144.30. The business’s 50 day simple moving average is $135.19 and its 200-day simple moving average is $119.18. 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 (NYSE:OSK) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

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

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.