Texas Permanent School Fund Corp Has $5.29 Million Stock Holdings in Oshkosh Co. (NYSE:OSK)

Texas Permanent School Fund Corp reduced its position in Oshkosh Co. (NYSE:OSKFree Report) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,459 shares of the company’s stock after selling 1,085 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of Oshkosh worth $5,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of OSK. Headlands Technologies LLC purchased a new stake in Oshkosh in the second quarter worth $26,000. Money Concepts Capital Corp grew its position in shares of Oshkosh by 1,359.1% in the fourth quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 299 shares in the last quarter. Signaturefd LLC grew its position in shares of Oshkosh by 86.7% in the second quarter. Signaturefd LLC now owns 366 shares of the company’s stock valued at $32,000 after purchasing an additional 170 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of Oshkosh in the third quarter valued at $32,000. Finally, Belpointe Asset Management LLC grew its position in shares of Oshkosh by 108.5% in the first quarter. Belpointe Asset Management LLC now owns 513 shares of the company’s stock valued at $43,000 after purchasing an additional 267 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Oshkosh in a research report on Monday, January 8th. They issued an “equal weight” rating and a $102.00 price target for the company. Stifel Nicolaus lifted their price objective on Oshkosh from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. StockNews.com raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Sunday, February 4th. TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Finally, Citigroup lifted their price objective on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.88.

Get Our Latest Stock Analysis on Oshkosh

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Oshkosh Stock Up 1.2 %

Shares of NYSE:OSK opened at $113.24 on Tuesday. Oshkosh Co. has a 1 year low of $72.09 and a 1 year high of $115.63. The company has a market cap of $7.41 billion, a PE ratio of 12.47, a P/E/G ratio of 1.46 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The stock’s 50-day moving average is $107.21 and its 200 day moving average is $100.47.

Oshkosh (NYSE:OSKGet Free Report) last posted its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the business earned $1.60 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts anticipate that Oshkosh Co. will post 10.31 EPS for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th will be given a $0.46 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, February 14th. Oshkosh’s payout ratio is currently 18.06%.

Oshkosh Company Profile

(Free Report)

Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. 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.

Further Reading

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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