Peterson Wealth Services Sells 192 Shares of Oshkosh Corporation $OSK

Peterson Wealth Services lessened its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 10.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,600 shares of the company’s stock after selling 192 shares during the period. Peterson Wealth Services’ holdings in Oshkosh were worth $182,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in OSK. Whittier Trust Co. raised its stake in Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after purchasing an additional 114 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after purchasing an additional 186 shares during the period. Farther Finance Advisors LLC raised its position in shares of Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after buying an additional 106 shares during the last quarter. Signaturefd LLC grew its position in Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company’s stock worth $60,000 after buying an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in Oshkosh by 107.6% during the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after acquiring an additional 370 shares during the period. 92.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OSK. The Goldman Sachs Group raised shares of Oshkosh from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. Citigroup upped their price objective on Oshkosh from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. DA Davidson set a $160.00 target price on Oshkosh and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Truist Financial upped their price target on Oshkosh from $155.00 to $171.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Oshkosh has an average rating of “Moderate Buy” and an average price target of $147.08.

Insider Activity at Oshkosh

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 stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Oshkosh Stock Down 0.4%

NYSE:OSK opened at $139.40 on Friday. The stock’s fifty day moving average price is $135.24 and its two-hundred day moving average price is $117.99. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 1.74 and a beta of 1.47. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

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

Oshkosh Dividend Announcement

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

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.