3,600 Oshkosh Corporation $OSK Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Oshkosh Corporation (NYSE:OSK) by 16.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 25,700 shares of the company’s stock after buying an additional 3,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Oshkosh were worth $3,311,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Oshkosh during the second quarter worth about $913,816,000. Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock worth $449,166,000 after buying an additional 46,306 shares during the last quarter. First Trust Advisors LP increased its stake in Oshkosh by 6.3% during the first quarter. First Trust Advisors LP now owns 1,290,424 shares of the company’s stock worth $189,963,000 after acquiring an additional 76,620 shares during the last quarter. Bank of America Corp DE increased its position in shares of Oshkosh by 0.9% during the 1st quarter. Bank of America Corp DE now owns 978,610 shares of the company’s stock valued at $144,061,000 after purchasing an additional 8,531 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Oshkosh during the second quarter valued at $92,996,000. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Oshkosh from $132.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday. DA Davidson dropped their price target on Oshkosh from $168.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial reissued a “buy” rating and set a $161.00 price objective (down from $174.00) on shares of Oshkosh in a report on Friday. Zacks Research lowered Oshkosh from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Finally, Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $165.29.

Insider Activity

In other news, Director John Pfeifer sold 778 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $150.00, for a total transaction of $116,700.00. Following the sale, the director directly owned 150,669 shares of the company’s stock, valued at $22,600,350. This represents a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

Oshkosh Stock Performance

OSK opened at $145.10 on Tuesday. The firm has a market capitalization of $8.96 billion, a PE ratio of 18.32, a P/E/G ratio of 1.05 and a beta of 1.26. The firm has a 50 day moving average of $139.58 and a two-hundred day moving average of $146.37. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, October 29th. The company reported $2.41 EPS for the quarter, missing the consensus estimate of $3.06 by ($0.65). Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company posted $3.20 earnings per share. Oshkosh’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Oshkosh Corporation will post 8.94 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. Oshkosh’s dividend payout ratio is 28.79%.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.