Louisiana State Employees Retirement System Invests $2.69 Million in Oshkosh Corporation $OSK

Louisiana State Employees Retirement System acquired a new position in Oshkosh Corporation (NYSE:OSK) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,300 shares of the company’s stock, valued at approximately $2,694,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OSK. Tower View Wealth Management LLC purchased a new stake in shares of Oshkosh in the 1st quarter valued at about $29,000. Torren Management LLC purchased a new position in shares of Oshkosh during the fourth quarter worth about $30,000. V Square Quantitative Management LLC purchased a new position in shares of Oshkosh during the fourth quarter worth about $44,000. Lodestone Wealth Management LLC bought a new position in shares of Oshkosh in the fourth quarter worth approximately $47,000. Finally, Basepoint Wealth LLC bought a new position in shares of Oshkosh in the fourth quarter worth approximately $51,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Trading Down 0.2%

OSK stock opened at $151.30 on Monday. The company has a market capitalization of $9.43 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63. Oshkosh Corporation has a one year low of $112.59 and a one year high of $180.49. The company’s 50 day moving average price is $137.90 and its two-hundred day moving average price is $145.77.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. Oshkosh’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, analysts predict that Oshkosh Corporation will post 11 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is 25.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore reiterated an “outperform” rating and set a $181.00 target price on shares of Oshkosh in a research report on Monday, May 11th. Zacks Research upgraded shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings downgraded shares of Oshkosh from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, UBS Group increased their target price on Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and an average target price of $165.38.

Insider Activity at Oshkosh

In other news, Director Duncan Palmer sold 505 shares of Oshkosh stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the transaction, the director owned 39,684 shares in the company, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.

Oshkosh Company Profile

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.