State of New Jersey Common Pension Fund D Sells 1,658 Shares of Oshkosh Corporation $OSK

State of New Jersey Common Pension Fund D lessened its holdings in Oshkosh Corporation (NYSE:OSK) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,743 shares of the company’s stock after selling 1,658 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Oshkosh were worth $2,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSK. Golden State Wealth Management LLC grew its position in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after buying an additional 186 shares in the last quarter. Whittier Trust Co. grew its position in shares of Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after buying an additional 114 shares in the last quarter. Signaturefd LLC grew its position in shares of Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock worth $60,000 after buying an additional 299 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock worth $67,000 after buying an additional 370 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Oshkosh by 21.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after buying an additional 106 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Insider Transactions at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the transaction, the senior vice president owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OSK. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. JPMorgan Chase & Co. increased their price target on Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group raised Oshkosh from a “neutral” rating to a “buy” rating and increased their price target for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Truist Financial lifted their target price on Oshkosh from $155.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.08.

Oshkosh Trading Down 1.2%

Oshkosh stock opened at $137.51 on Wednesday. The stock has a 50-day moving average of $135.19 and a two-hundred day moving average of $119.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30. The stock has a market cap of $8.80 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.47.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the business posted $3.34 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $0.51 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is 20.48%.

Oshkosh Company 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.