Oshkosh Corporation $OSK Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,380 shares of the company’s stock after selling 3,327 shares during the quarter. Gabelli Funds LLC owned about 0.07% of Oshkosh worth $6,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Oshkosh by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock valued at $449,166,000 after buying an additional 46,306 shares during the period. LSV Asset Management lifted its holdings in shares of Oshkosh by 0.9% during the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock worth $240,427,000 after acquiring an additional 17,944 shares during the period. Invesco Ltd. lifted its holdings in shares of Oshkosh by 20.4% during the 4th quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after acquiring an additional 300,766 shares during the period. AQR Capital Management LLC boosted its position in shares of Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after acquiring an additional 345,782 shares during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of Oshkosh in the fourth quarter worth approximately $175,882,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OSK has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Robert W. Baird decreased their price target on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Sanford C. Bernstein set a $138.00 price objective on shares of Oshkosh in a research note on Thursday, April 9th. JPMorgan Chase & Co. dropped their price objective on Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Citigroup lowered Oshkosh from a “buy” rating to a “neutral” rating and cut their target price for the stock from $180.00 to $170.00 in a research report on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.60.

Insiders Place Their Bets

In related 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 sale, the director directly owned 39,684 shares in the company, valued at approximately $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Oshkosh Trading Down 0.4%

NYSE OSK opened at $154.51 on Tuesday. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49. The company’s 50 day moving average price is $139.28 and its 200 day moving average price is $148.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.77 and a beta of 1.23.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the firm earned $1.92 earnings per share. The company’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. On average, sell-side analysts predict that Oshkosh Corporation will post 10.87 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors 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 of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio is 25.39%.

Oshkosh Profile

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.