Davis R M Inc. Reduces Holdings in Oshkosh Corporation $OSK

Davis R M Inc. lowered its position in Oshkosh Corporation (NYSE:OSK) by 28.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,900 shares of the company’s stock after selling 5,425 shares during the quarter. Davis R M Inc.’s holdings in Oshkosh were worth $2,046,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OSK. Tower View Wealth Management LLC purchased a new position in Oshkosh in the first quarter valued at about $29,000. Torren Management LLC purchased a new position in shares of Oshkosh during the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth approximately $44,000. Lodestone Wealth Management LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth approximately $47,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Oshkosh in the fourth quarter worth $51,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OSK has been the topic of several recent analyst reports. Morgan Stanley cut their price target on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $180.00 to $170.00 in a report on Monday, April 13th. Weiss Ratings upgraded shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $168.60.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $148.90 on Thursday. The firm’s 50 day moving average is $137.41 and its two-hundred day moving average is $147.81. The firm has a market capitalization of $9.28 billion, a P/E ratio of 16.58, a PEG ratio of 0.72 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a 52 week low of $116.77 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK) last issued 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). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Analysts anticipate that Oshkosh Corporation will post 10.87 earnings per share for the current year.

Oshkosh Announces Dividend

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

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

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.