Empirical Finance LLC Trims Stock Position in Oshkosh Corporation $OSK

Empirical Finance LLC cut its stake in Oshkosh Corporation (NYSE:OSK) by 53.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,942 shares of the company’s stock after selling 5,571 shares during the quarter. Empirical Finance LLC’s holdings in Oshkosh were worth $758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tower View Wealth Management LLC purchased a new position in shares of Oshkosh during the first quarter valued at about $29,000. Fiduciary Financial Advisors purchased a new stake in Oshkosh in the second quarter worth about $38,000. Basepoint Wealth LLC bought a new stake in Oshkosh during the 4th quarter valued at approximately $51,000. Global Retirement Partners LLC grew its holdings in shares of Oshkosh by 284.9% during the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock worth $51,000 after acquiring an additional 302 shares during the period. Finally, Whittier Trust Co. grew its holdings in shares of Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after acquiring an additional 94 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on OSK shares. DA Davidson raised their target price on Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Friday, August 21st. Truist Financial increased their price objective on Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Wall Street Zen raised Oshkosh from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.71.

Oshkosh Stock Performance

Shares of OSK opened at $147.53 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $150.46 and its 200-day moving average price is $146.79. Oshkosh Corporation has a 52 week low of $116.77 and a 52 week high of $180.49. The stock has a market cap of $9.11 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.13 and a beta of 1.27.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.24. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.80 billion. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities research analysts anticipate that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. Oshkosh’s dividend payout ratio is currently 26.09%.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles and equipment headquartered in Oshkosh, Wisconsin. Founded in 1917, the company serves commercial, government and municipal customers in markets that require purpose-built vehicles for demanding operating environments.

Oshkosh operates through businesses focused on access equipment, defense, fire apparatus and vocational vehicles. Its products include aerial work platforms and other equipment used in construction and industrial applications; tactical vehicles, trailers and related systems for defense and security customers; fire trucks, airport rescue vehicles and emergency response equipment; and vocational vehicles for refuse collection, concrete placement, snow removal and other specialized tasks.

The company serves customers in North America and international markets through a combination of manufacturing operations, dealerships, distributors and direct sales.