State of Alaska Department of Revenue Acquires 510 Shares of Oshkosh Co. (NYSE:OSK)

State of Alaska Department of Revenue raised its stake in shares of Oshkosh Co. (NYSE:OSK) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,605 shares of the company’s stock after purchasing an additional 510 shares during the period. State of Alaska Department of Revenue’s holdings in Oshkosh were worth $762,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Oshkosh in the second quarter valued at about $1,500,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Oshkosh during the 1st quarter valued at approximately $1,507,000. M&G Plc bought a new position in Oshkosh during the 1st quarter worth approximately $15,102,000. Cetera Investment Advisers lifted its position in shares of Oshkosh by 772.9% in the 1st quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock worth $3,418,000 after purchasing an additional 24,269 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Oshkosh in the 2nd quarter valued at $1,545,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Up 9.9 %

NYSE:OSK opened at $115.52 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a one year low of $90.56 and a one year high of $127.98. The company has a market cap of $7.52 billion, a PE ratio of 11.20, a PEG ratio of 1.01 and a beta of 1.18. The firm has a 50-day moving average of $102.61 and a 200-day moving average of $107.34.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. As a group, equities research analysts expect that Oshkosh Co. will post 11.38 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Evercore ISI dropped their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Truist Financial cut their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus lowered their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Oshkosh currently has a consensus rating of “Hold” and an average price target of $123.14.

About Oshkosh

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.