Public Employees Retirement System of Ohio purchased a new position in shares of Oshkosh Corporation (NYSE:OSK – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 54,020 shares of the company’s stock, valued at approximately $8,291,000.
A number of other institutional investors have also added to or reduced their stakes in OSK. BlackRock Inc. purchased a new position in shares of Oshkosh in the 2nd quarter worth about $913,816,000. Southpoint Capital Advisors LP bought a new stake in Oshkosh in the fourth quarter worth about $175,882,000. Norges Bank bought a new stake in Oshkosh in the fourth quarter worth about $127,907,000. First Trust Advisors LP boosted its stake in Oshkosh by 408.7% in the fourth quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock valued at $152,490,000 after acquiring an additional 975,206 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in Oshkosh in the second quarter valued at about $135,656,000. 92.36% of the stock is owned by institutional investors.
Oshkosh Stock Performance
NYSE OSK opened at $154.46 on Tuesday. The company’s 50 day simple moving average is $149.59 and its two-hundred day simple moving average is $147.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. Oshkosh Corporation has a 1 year low of $116.77 and a 1 year high of $180.49. The stock has a market capitalization of $9.54 billion, a PE ratio of 17.67, a P/E/G ratio of 0.94 and a beta of 1.25.
Oshkosh Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, August 13th. Oshkosh’s dividend payout ratio (DPR) is 26.09%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Barclays upped their price objective on Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Evercore reissued an “outperform” rating and issued a $181.00 target price on shares of Oshkosh in a research report on Monday, May 11th. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, Morgan Stanley dropped their price target on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and an average price target of $170.71.
Read Our Latest Report on Oshkosh
Oshkosh Profile
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.
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