VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3.39 Million in Oshkosh Corporation $OSK

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,100 shares of the company’s stock, valued at approximately $3,392,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OSK. California State Teachers Retirement System boosted its holdings in Oshkosh by 14,953.3% in the second quarter. California State Teachers Retirement System now owns 11,162,447 shares of the company’s stock worth $1,713,212,000 after acquiring an additional 11,088,294 shares in the last quarter. Ameritas Advisory Services LLC raised its position in shares of Oshkosh by 87.3% during the second quarter. Ameritas Advisory Services LLC now owns 3,994 shares of the company’s stock worth $613,000 after purchasing an additional 1,862 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Oshkosh by 91.9% in the 2nd quarter. HB Wealth Management LLC now owns 5,250 shares of the company’s stock worth $806,000 after purchasing an additional 2,514 shares in the last quarter. NBH Bank acquired a new stake in Oshkosh in the 2nd quarter valued at $70,000. Finally, AlphaGrep UK Ltd acquired a new position in Oshkosh during the second quarter worth $364,000. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OSK. Robert W. Baird raised their price target on shares of Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st. Truist Financial raised their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, DA Davidson increased their target price on shares of Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $170.71.

Oshkosh Price Performance

OSK opened at $152.01 on Thursday. The firm has a 50-day moving average price of $150.36 and a 200-day moving average price of $146.99. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.14 and a beta of 1.27.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the firm earned $3.41 EPS. Oshkosh’s revenue for the quarter was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities analysts expect that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a $0.57 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s payout ratio is 26.09%.

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.