Future Fund LLC boosted its stake in Oshkosh Corporation (NYSE:OSK – Free Report) by 46.5% in the 1st quarter, Holdings Channel reports. The firm owned 21,846 shares of the company’s stock after buying an additional 6,930 shares during the quarter. Future Fund LLC’s holdings in Oshkosh were worth $3,216,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in OSK. Tower View Wealth Management LLC acquired a new position in shares of Oshkosh during the first quarter worth about $29,000. Torren Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter worth about $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at about $44,000. Lodestone Wealth Management LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at about $47,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Oshkosh during the 4th quarter valued at about $51,000. 92.36% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Oshkosh
In other news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the sale, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.
Oshkosh Stock Down 2.3%
Oshkosh (NYSE:OSK – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the company posted $1.92 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, equities analysts anticipate that Oshkosh Corporation will post 10.87 earnings per share for the current fiscal year.
Oshkosh Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s dividend payout ratio is 25.39%.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Robert W. Baird reduced their price target on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. JPMorgan Chase & Co. lowered their price objective on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $180.00 to $170.00 in a research note on Monday, April 13th. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Truist Financial upped their target price on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $168.60.
Read Our Latest Research Report on OSK
About Oshkosh
Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.
Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.
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