Davis R M Inc. decreased its position in shares of Oshkosh Corporation (NYSE:OSK – Free Report) by 28.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,900 shares of the company’s stock after selling 5,425 shares during the period. Davis R M Inc.’s holdings in Oshkosh were worth $2,046,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in OSK. Tower View Wealth Management LLC bought a new position in Oshkosh during the 1st quarter valued at $29,000. Torren Management LLC bought a new stake in shares of Oshkosh in the 4th quarter worth $30,000. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh in the 4th quarter worth $44,000. Lodestone Wealth Management LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at $47,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at $51,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently issued reports on OSK. Citigroup lowered Oshkosh from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $180.00 to $170.00 in a report on Monday, April 13th. Robert W. Baird cut their price target on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Sanford C. Bernstein set a $138.00 price objective on shares of Oshkosh in a research report on Thursday, April 9th. Morgan Stanley lowered their price objective on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.
Insider Buying and Selling
In other Oshkosh news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the transaction, the director owned 39,684 shares in the company, valued at $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by company insiders.
Oshkosh Stock Up 1.7%
Oshkosh stock opened at $148.90 on Thursday. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49. 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 firm has a market cap of $9.28 billion, a PE ratio of 16.58, a P/E/G ratio of 0.72 and a beta of 1.23. The firm’s 50 day moving average price is $137.41 and its two-hundred day moving average price is $147.81.
Oshkosh (NYSE:OSK – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.85 EPS 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 company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, research analysts predict that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.
Oshkosh Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is presently 25.39%.
Oshkosh Company 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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