Yousif Capital Management LLC Trims Holdings in Oshkosh Corporation $OSK

Yousif Capital Management LLC decreased its holdings in Oshkosh Corporation (NYSE:OSK) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,962 shares of the company’s stock after selling 597 shares during the period. Yousif Capital Management LLC’s holdings in Oshkosh were worth $2,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kodai Capital Management LP purchased a new stake in Oshkosh in the first quarter worth $7,077,000. Ieq Capital LLC purchased a new stake in Oshkosh in the first quarter worth $7,682,000. Principal Financial Group Inc. increased its stake in Oshkosh by 0.4% in the first quarter. Principal Financial Group Inc. now owns 149,716 shares of the company’s stock worth $14,085,000 after purchasing an additional 553 shares during the period. OMNI 360 Wealth Inc. purchased a new stake in Oshkosh in the second quarter worth $237,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Oshkosh in the first quarter worth $263,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of OSK stock opened at $132.07 on Friday. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The stock’s 50-day moving average is $135.44 and its 200 day moving average is $116.21. The company has a market cap of $8.45 billion, a P/E ratio of 13.26, a PEG ratio of 1.69 and a beta of 1.47. 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 (NYSE:OSK) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share 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 company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company earned $3.34 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

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

Insider Transactions at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the 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 of the company’s stock, valued at approximately $1,906,935.48. This trade represents 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 company insiders.

Analyst Ratings Changes

OSK has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded Oshkosh from a “neutral” rating to a “buy” rating and increased their target price for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. Citigroup increased their price target on Oshkosh from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. 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. DA Davidson set a $160.00 price target on Oshkosh and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Zacks Research downgraded Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.08.

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.