Focus Partners Advisor Solutions LLC Has $1.03 Million Holdings in Oshkosh Corporation $OSK

Focus Partners Advisor Solutions LLC lifted its holdings in Oshkosh Corporation (NYSE:OSK) by 79.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,105 shares of the company’s stock after acquiring an additional 4,031 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Oshkosh were worth $1,034,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of OSK. Cambridge Investment Research Advisors Inc. grew its stake in shares of Oshkosh by 17.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company’s stock valued at $713,000 after acquiring an additional 1,146 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after buying an additional 186 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Oshkosh during the first quarter worth about $263,000. DAVENPORT & Co LLC grew its stake in Oshkosh by 5.6% during the first quarter. DAVENPORT & Co LLC now owns 6,040 shares of the company’s stock worth $568,000 after buying an additional 319 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Oshkosh by 20.1% during the first quarter. Teacher Retirement System of Texas now owns 25,137 shares of the company’s stock worth $2,365,000 after buying an additional 4,203 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

OSK has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a research note on Tuesday, August 19th. UBS Group set a $164.00 price objective on shares of Oshkosh and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Citigroup increased their price objective on shares of Oshkosh from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Finally, Robert W. Baird increased their target price on shares of Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.08.

Oshkosh Stock Down 0.2%

OSK stock opened at $139.23 on Tuesday. The stock has a market capitalization of $8.91 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The firm has a 50-day moving average price of $135.22 and a 200-day moving average price of $118.81.

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

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh’s dividend payout ratio (DPR) is 20.48%.

Oshkosh Company 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.