Oshkosh Corporation $OSK Stock Position Reduced by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. trimmed its position in Oshkosh Corporation (NYSE:OSK) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,512 shares of the company’s stock after selling 522 shares during the quarter. Klein Pavlis & Peasley Financial Inc.’s holdings in Oshkosh were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in OSK. Kodai Capital Management LP bought a new stake in Oshkosh during the first quarter valued at $7,077,000. Ieq Capital LLC acquired a new position in shares of Oshkosh in the 1st quarter valued at about $7,682,000. Principal Financial Group Inc. grew its position in shares of Oshkosh by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company’s stock valued at $14,085,000 after buying an additional 553 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Oshkosh during the 1st quarter valued at about $263,000. Finally, OMNI 360 Wealth Inc. acquired a new stake in Oshkosh during the second quarter worth about $237,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Performance

OSK opened at $130.06 on Monday. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.62 and a beta of 1.49. 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 1-year low of $76.82 and a 1-year high of $144.30. The business has a 50 day moving average price of $135.19 and a two-hundred day moving average price of $112.85.

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

Oshkosh Dividend Announcement

The firm also recently announced 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 dividend yield of 1.6%. The ex-dividend date was Tuesday, August 19th. Oshkosh’s payout ratio is presently 20.48%.

Insider Activity at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the firm’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 completion of the sale, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OSK shares. Robert W. Baird increased their price target on Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Bank of America increased their target price on Oshkosh from $90.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, June 6th. UBS Group set a $164.00 target price on Oshkosh and gave the company a “buy” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $92.00 to $106.00 and gave the stock a “neutral” rating in a research report on Friday, June 6th. Finally, Truist Financial upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $127.00 in a research report on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.58.

About Oshkosh

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.