Teachers Retirement System of The State of Kentucky Reduces Stock Position in Oshkosh Co. (NYSE:OSK)

Teachers Retirement System of The State of Kentucky trimmed its position in Oshkosh Co. (NYSE:OSK) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,395 shares of the company’s stock after selling 1,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Oshkosh were worth $2,320,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new stake in Oshkosh during the fourth quarter worth approximately $206,000. Bragg Financial Advisors Inc grew its position in shares of Oshkosh by 0.6% in the fourth quarter. Bragg Financial Advisors Inc now owns 208,319 shares of the company’s stock valued at $22,584,000 after purchasing an additional 1,269 shares during the period. Neuberger Berman Group LLC increased its stake in Oshkosh by 11.4% in the fourth quarter. Neuberger Berman Group LLC now owns 4,428 shares of the company’s stock valued at $480,000 after purchasing an additional 453 shares during the last quarter. Lighthouse Investment Partners LLC lifted its position in Oshkosh by 418.3% during the fourth quarter. Lighthouse Investment Partners LLC now owns 56,040 shares of the company’s stock worth $6,075,000 after buying an additional 45,228 shares during the period. Finally, Albar Capital Ltd boosted its stake in Oshkosh by 168.6% in the 4th quarter. Albar Capital Ltd now owns 59,930 shares of the company’s stock worth $6,497,000 after buying an additional 37,618 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Oshkosh stock opened at $107.26 on Friday. Oshkosh Co. has a 12-month low of $80.07 and a 12-month high of $127.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.03 and a beta of 1.26. The firm’s fifty day moving average price is $114.85 and its 200 day moving average price is $112.52.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 earnings per share. On average, research analysts forecast that Oshkosh Co. will post 11.17 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.72%. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Analysts Set New Price Targets

OSK has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Bank of America upped their price objective on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a report on Tuesday, May 28th. Stifel Nicolaus lifted their target price on Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Robert W. Baird upped their price target on Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.94.

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.