Oshkosh Corporation $OSK Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in Oshkosh Corporation (NYSE:OSKFree Report) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,380 shares of the company’s stock after selling 3,327 shares during the quarter. Gabelli Funds LLC’s holdings in Oshkosh were worth $6,386,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OSK. Thrivent Financial for Lutherans grew its holdings in Oshkosh by 1,945.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 425,600 shares of the company’s stock valued at $53,468,000 after purchasing an additional 404,788 shares in the last quarter. LSV Asset Management lifted its holdings in Oshkosh by 0.9% in the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock worth $240,427,000 after buying an additional 17,944 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in Oshkosh in the 4th quarter valued at about $7,432,000. Y Intercept Hong Kong Ltd boosted its position in Oshkosh by 84.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,593 shares of the company’s stock valued at $8,037,000 after buying an additional 25,037 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Oshkosh during the fourth quarter valued at about $127,907,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insider Activity at Oshkosh

In other news, Director Duncan Palmer sold 505 shares of Oshkosh stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the transaction, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird dropped their target price on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Sanford C. Bernstein set a $138.00 price target on Oshkosh in a report on Thursday, April 9th. Citigroup lowered Oshkosh from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $180.00 to $170.00 in a research note on Monday, April 13th. Morgan Stanley dropped their price objective on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and an average price target of $168.60.

View Our Latest Research Report on OSK

Oshkosh Price Performance

OSK opened at $154.51 on Tuesday. The company has a market capitalization of $9.63 billion, a P/E ratio of 17.21, a PEG ratio of 0.77 and a beta of 1.23. The company has a 50-day moving average of $139.28 and a 200-day moving average of $148.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49.

Oshkosh (NYSE:OSKGet Free Report) last issued 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). The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities analysts expect that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is currently 25.39%.

About Oshkosh

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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