Dorsey Wright & Associates acquired a new stake in Oshkosh Corporation (NYSE:OSK – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 8,973 shares of the company’s stock, valued at approximately $1,321,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in OSK. Dimensional Fund Advisors LP raised its stake in shares of Oshkosh by 6.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,005,205 shares of the company’s stock worth $377,547,000 after buying an additional 175,139 shares in the last quarter. LSV Asset Management boosted its stake in shares of Oshkosh by 0.9% in the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock valued at $240,427,000 after buying an additional 17,944 shares in the last quarter. Invesco Ltd. grew its holdings in Oshkosh by 20.4% during the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after acquiring an additional 300,766 shares during the period. AQR Capital Management LLC grew its holdings in Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after acquiring an additional 345,782 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new position in Oshkosh in the fourth quarter worth $175,882,000. Institutional investors and hedge funds own 92.36% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Weiss Ratings raised Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Truist Financial upped their price target on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a report on Thursday, April 9th. Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $180.00 to $170.00 in a research note on Monday, April 13th. Finally, Robert W. Baird decreased their price objective on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average target price of $168.60.
Insider Buying and Selling
In other Oshkosh news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 39,684 shares in the company, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.
Oshkosh Stock Down 2.3%
OSK opened at $143.41 on Friday. The business’s fifty day moving average is $136.49 and its two-hundred day moving average is $147.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 0.71 and a beta of 1.23. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49.
Oshkosh (NYSE:OSK – Get Free Report) last posted its earnings results on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company posted $1.92 EPS. The firm’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. Analysts anticipate that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.
Oshkosh Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio is presently 25.39%.
Oshkosh Profile
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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