Brighton Jones LLC Buys Shares of 6,098 Oshkosh Corporation $OSK

Brighton Jones LLC bought a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,098 shares of the company’s stock, valued at approximately $692,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC raised its holdings in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after acquiring an additional 186 shares during the period. Whittier Trust Co. raised its holdings 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 acquiring an additional 114 shares during the period. Signaturefd LLC raised its holdings in Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after acquiring an additional 299 shares during the period. Brooklyn Investment Group raised its holdings in Oshkosh by 107.6% during the 1st 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. Finally, Farther Finance Advisors LLC raised its holdings in Oshkosh by 21.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after acquiring an additional 106 shares during the period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Down 1.2%

Shares of NYSE:OSK opened at $137.51 on Wednesday. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The firm has a fifty day moving average of $135.19 and a 200 day moving average of $119.18. The firm has a market capitalization of $8.80 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.47. 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 earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business earned $3.34 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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

Insider Buying and Selling at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer owned 10,459 shares of the company’s stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group set a $164.00 price target on shares of Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. Citigroup boosted their price target on shares of Oshkosh from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Evercore ISI restated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Truist Financial boosted their price target on shares of Oshkosh from $155.00 to $171.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.08.

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.