Texas Permanent School Fund Corp Has $7.14 Million Holdings in Oshkosh Co. (NYSE:OSK)

Texas Permanent School Fund Corp grew its position in shares of Oshkosh Co. (NYSE:OSK) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,250 shares of the company’s stock after acquiring an additional 742 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of Oshkosh worth $7,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC increased its position in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 139 shares during the last quarter. Rise Advisors LLC grew its stake in Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC bought a new position in Oshkosh in the 4th quarter worth about $42,000. Finally, Valley National Advisers Inc. increased its position in shares of Oshkosh by 18.2% in the first quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock worth $77,000 after purchasing an additional 96 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Performance

NYSE OSK traded up $1.61 on Friday, hitting $108.02. 16,229 shares of the company traded hands, compared to its average volume of 484,569. The business’s 50 day moving average price is $111.11 and its 200-day moving average price is $112.74. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.04 and a beta of 1.22. Oshkosh Co. has a 52-week low of $86.10 and a 52-week high of $127.98. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $1.59 EPS. Equities analysts expect that Oshkosh Co. will post 11.21 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Bank of America lifted their price target on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 28th. StockNews.com lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Raymond James assumed coverage on Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird increased their price objective on Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $124.82.

Oshkosh 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.