Burney Co. Lowers Stock Holdings in Oshkosh Corporation $OSK

Burney Co. reduced its position in shares of Oshkosh Corporation (NYSE:OSK) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,602 shares of the company’s stock after selling 1,515 shares during the period. Burney Co. owned about 0.05% of Oshkosh worth $3,815,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. boosted its holdings in Oshkosh by 69.1% in the second 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 period. Hantz Financial Services Inc. increased its position in Oshkosh by 215.5% during the second quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock worth $46,000 after buying an additional 278 shares during the period. Farther Finance Advisors LLC increased its position in Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after buying an additional 106 shares during the period. Signaturefd LLC increased its position in Oshkosh by 88.7% in 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. Finally, Brooklyn Investment Group increased its position in Oshkosh by 107.6% in 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. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OSK shares. DA Davidson set a $160.00 price objective on Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th. UBS Group set a $164.00 target price on Oshkosh and gave the company a “buy” rating in a research note on Tuesday, August 5th. Evercore ISI restated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Wall Street Zen raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Citigroup dropped their price objective on Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $145.17.

Oshkosh Trading Down 1.7%

Shares of OSK opened at $121.17 on Tuesday. The company has a market capitalization of $7.66 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.57 and a beta of 1.47. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.98. The stock has a 50-day moving average price of $133.86 and a 200 day moving average price of $120.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.08. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.Oshkosh’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.93 earnings per share. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Sell-side analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 17th. Oshkosh’s dividend payout ratio (DPR) is 19.90%.

Insider Transactions at Oshkosh

In related news, CMO Bryan K. Brandt sold 1,732 shares of the firm’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 sale, the chief marketing officer owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is currently owned by company insiders.

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.