18,300 Shares in Oshkosh Corporation $OSK Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the first quarter, Holdings Channel reports. The firm purchased 18,300 shares of the company’s stock, valued at approximately $2,694,000.

Other institutional investors have also added to or reduced their stakes in the company. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Oshkosh during the fourth quarter valued at about $4,183,000. JPMorgan Chase & Co. grew its stake in shares of Oshkosh by 4.4% in the third quarter. JPMorgan Chase & Co. now owns 175,693 shares of the company’s stock worth $22,789,000 after purchasing an additional 7,339 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Oshkosh by 1,945.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 425,600 shares of the company’s stock worth $53,468,000 after purchasing an additional 404,788 shares during the last quarter. Citigroup Inc. increased its holdings in Oshkosh by 93.2% during the 3rd quarter. Citigroup Inc. now owns 64,325 shares of the company’s stock valued at $8,343,000 after purchasing an additional 31,036 shares during the period. Finally, Bahl & Gaynor Inc. bought a new position in Oshkosh during the 3rd quarter valued at approximately $8,188,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OSK. Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Raymond James Financial reissued an “outperform” rating and set a $175.00 target price on shares of Oshkosh in a research note on Monday, March 2nd. Evercore restated an “outperform” rating and set a $181.00 target price on shares of Oshkosh in a report on Monday, May 11th. UBS Group raised their price target on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings cut shares of Oshkosh from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $165.38.

Oshkosh Stock Performance

Shares of OSK opened at $151.30 on Monday. The company has a 50-day simple moving average of $137.90 and a two-hundred day simple moving average of $145.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.83. The firm has a market capitalization of $9.43 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. Oshkosh Corporation has a one year low of $112.59 and a one year high of $180.49.

Oshkosh (NYSE:OSK) last posted its earnings results on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the company posted $1.92 EPS. The firm’s revenue was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, analysts anticipate that Oshkosh Corporation will post 11 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio is presently 25.39%.

Insider Transactions at Oshkosh

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the transaction, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

About Oshkosh

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.