Linden Thomas Advisory Services LLC Acquires Shares of 2,385 Oshkosh Corporation $OSK

Linden Thomas Advisory Services LLC acquired a new stake in Oshkosh Corporation (NYSE:OSK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,385 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after purchasing an additional 186 shares during the period. Whittier Trust Co. grew its stake in shares of Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after purchasing an additional 114 shares during the period. Signaturefd LLC boosted its position in shares of Oshkosh by 88.7% in the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock worth $60,000 after buying an additional 299 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Oshkosh by 107.6% in the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock worth $67,000 after buying an additional 370 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after buying an additional 106 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on 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 transaction, the senior vice president owned 13,716 shares of the company’s stock, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Oshkosh Stock Down 0.2%

Shares of NYSE:OSK opened at $139.23 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The company has a 50 day moving average of $135.22 and a two-hundred day moving average of $118.81. 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 1.74 and a beta of 1.47.

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

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is presently 20.48%.

Wall Street Analyst Weigh In

OSK has been the topic of several recent research reports. Citigroup boosted their price objective on shares of 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 boosted their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Zacks Research lowered shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Truist Financial upped their target price on shares of Oshkosh from $155.00 to $171.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Evercore ISI restated an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.08.

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.