1,103 Shares in Oshkosh Corporation $OSK Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new position in shares of Oshkosh Corporation (NYSE:OSK) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,103 shares of the company’s stock, valued at approximately $104,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Knightsbridge Asset Management LLC raised its stake in Oshkosh by 1.0% during the first quarter. Knightsbridge Asset Management LLC now owns 58,288 shares of the company’s stock worth $5,484,000 after acquiring an additional 570 shares during the period. Teza Capital Management LLC acquired a new stake in shares of Oshkosh in the 1st quarter worth about $358,000. Paradoxiom Capital L.P. increased its holdings in shares of Oshkosh by 86.9% in the 1st quarter. Paradoxiom Capital L.P. now owns 39,577 shares of the company’s stock worth $3,723,000 after acquiring an additional 18,397 shares during the period. NFJ Investment Group LLC increased its holdings in shares of Oshkosh by 21.0% in the 1st quarter. NFJ Investment Group LLC now owns 75,947 shares of the company’s stock worth $7,145,000 after acquiring an additional 13,160 shares during the period. Finally, Hancock Whitney Corp increased its holdings in shares of Oshkosh by 6.7% in the 1st quarter. Hancock Whitney Corp now owns 3,164 shares of the company’s stock worth $298,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

OSK has been the topic of a number of analyst reports. Citigroup reaffirmed a “buy” rating and issued a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Bank of America increased their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday, June 6th. Zacks Research upgraded shares of Oshkosh from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 28th. Jefferies Financial Group reiterated a “hold” rating on shares of Oshkosh in a report on Friday, June 6th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $138.08.

Oshkosh Stock Performance

Oshkosh stock opened at $136.11 on Wednesday. The firm’s 50 day simple moving average is $132.79 and its 200-day simple moving average is $109.59. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. The company has a market cap of $8.71 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the business posted $3.34 EPS. The company’s revenue was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is currently 20.48%.

Insider Buying and Selling

In related news, CMO Bryan K. Brandt sold 1,732 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares in the company, valued at $1,906,935.48. This represents a 22.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Oshkosh Company 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.