Wasatch Advisors LP Has $38.38 Million Stake in Oshkosh Corporation $OSK

Wasatch Advisors LP trimmed its stake in Oshkosh Corporation (NYSE:OSK) by 40.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 260,686 shares of the company’s stock after selling 177,781 shares during the quarter. Wasatch Advisors LP’s holdings in Oshkosh were worth $38,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in OSK. GHP Investment Advisors Inc. increased its stake in Oshkosh by 6.5% in the 1st quarter. GHP Investment Advisors Inc. now owns 50,170 shares of the company’s stock valued at $7,386,000 after buying an additional 3,066 shares during the period. Foster & Motley Inc. boosted its stake in shares of Oshkosh by 29.3% during the 1st quarter. Foster & Motley Inc. now owns 3,058 shares of the company’s stock valued at $450,000 after buying an additional 693 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Oshkosh during the 1st quarter valued at $2,694,000. Tower View Wealth Management LLC purchased a new position in shares of Oshkosh during the 1st quarter valued at $29,000. Finally, Ritholtz Wealth Management grew its holdings in shares of Oshkosh by 13.9% during the 1st quarter. Ritholtz Wealth Management now owns 2,435 shares of the company’s stock valued at $358,000 after acquiring an additional 298 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the transaction, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK opened at $151.30 on Friday. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. The company’s fifty day moving average is $137.90 and its 200-day moving average is $145.65. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a 12 month low of $112.59 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Friday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.19). The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities analysts expect that Oshkosh Corporation will post 11 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s payout ratio is currently 25.39%.

Analysts Set New Price Targets

Several analysts recently issued reports on OSK shares. Robert W. Baird cut their price objective on Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Morgan Stanley lowered their target price on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Sanford C. Bernstein set a $138.00 target price on Oshkosh in a research report on Thursday, April 9th. Citigroup lowered Oshkosh from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $180.00 to $170.00 in a research report on Monday, April 13th. Finally, Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.38.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.