California State Teachers Retirement System Sells 1,656 Shares of Oshkosh Co. (NYSE:OSK)

California State Teachers Retirement System trimmed its position in shares of Oshkosh Co. (NYSE:OSK) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,910 shares of the company’s stock after selling 1,656 shares during the period. California State Teachers Retirement System owned 0.09% of Oshkosh worth $5,791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OSK. Norges Bank bought a new stake in shares of Oshkosh during the 4th quarter valued at $72,692,000. American Century Companies Inc. raised its position in shares of Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after purchasing an additional 384,141 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Oshkosh during the 4th quarter valued at $25,968,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Oshkosh during the 4th quarter valued at $23,285,000. Finally, Atlantic Investment Management Inc. bought a new stake in shares of Oshkosh during the 4th quarter valued at $21,866,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Performance

Oshkosh stock opened at $99.25 on Monday. The company’s 50-day moving average price is $91.39 and its 200-day moving average price is $97.99. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $118.39. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market cap of $6.39 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm earned $2.89 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. On average, equities research analysts forecast that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.06%. Oshkosh’s dividend payout ratio is presently 21.79%.

Analyst Ratings Changes

A number of brokerages have issued reports on OSK. Bank of America lifted their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Truist Financial reduced their price target on shares of Oshkosh from $94.00 to $93.00 and set a “hold” rating on the stock in a report on Thursday, May 1st. Evercore ISI lifted their price target on shares of Oshkosh from $137.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Citigroup reiterated a “buy” rating and issued a $105.00 price target (up from $95.00) on shares of Oshkosh in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group reduced their price target on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.93.

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.