Panagora Asset Management Inc. Buys Shares of 71,186 Oshkosh Corporation $OSK

Panagora Asset Management Inc. bought a new position in shares of Oshkosh Corporation (NYSE:OSK) during the first quarter, HoldingsChannel.com reports. The firm bought 71,186 shares of the company’s stock, valued at approximately $6,697,000.

Several other hedge funds have also recently modified their holdings of OSK. Parallel Advisors LLC raised its stake in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional bought a new stake in shares of Oshkosh in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC raised its position in shares of Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after acquiring an additional 186 shares in the last quarter. Signaturefd LLC lifted its position in Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after acquiring an additional 299 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after buying an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OSK. Citigroup reaffirmed a “buy” rating and set a $130.00 target price (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $92.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, June 6th. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a research note on Tuesday, August 19th. Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded shares of Oshkosh from a “hold” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.08.

Insider Buying and Selling

In related news, CMO Bryan K. Brandt sold 1,732 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer owned 10,459 shares of the company’s stock, valued at $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares in the company, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Oshkosh Trading Down 2.8%

NYSE OSK opened at $139.19 on Monday. The firm’s fifty day moving average price is $129.21 and its 200 day moving average price is $108.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49.

Oshkosh (NYSE:OSK) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the firm earned $3.34 EPS. The business’s revenue was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, sell-side analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh’s dividend payout ratio (DPR) is 20.48%.

Oshkosh Profile

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.