Duncan Palmer Sells 505 Shares of Oshkosh (NYSE:OSK) Stock

Oshkosh Corporation (NYSE:OSKGet Free Report) Director Duncan Palmer sold 505 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the transaction, the director owned 39,684 shares of the company’s stock, valued at $5,312,100.24. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oshkosh Trading Down 3.5%

OSK stock traded down $4.57 during trading on Wednesday, hitting $126.75. The company had a trading volume of 462,972 shares, compared to its average volume of 754,523. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $149.59 and a 200-day moving average price of $144.32. Oshkosh Corporation has a 12 month low of $96.03 and a 12 month high of $180.49. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.69 and a beta of 1.33.

Oshkosh (NYSE:OSKGet Free Report) last posted its quarterly earnings data 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 return on equity of 13.90% and a net margin of 5.54%.The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the firm earned $1.92 EPS. The business’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, analysts predict that Oshkosh Corporation will post 11.1 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, May 26th. Oshkosh’s payout ratio is 25.39%.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently made changes to their positions in OSK. PNC Financial Services Group Inc. increased its position in shares of Oshkosh by 16.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,787 shares of the company’s stock valued at $2,766,000 after buying an additional 2,704 shares in the last quarter. Mathes Company Inc. bought a new stake in shares of Oshkosh in the 1st quarter valued at $3,663,000. Dimensional Fund Advisors LP increased its position in shares of Oshkosh by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock valued at $449,166,000 after buying an additional 46,306 shares in the last quarter. KBC Group NV increased its position in shares of Oshkosh by 28.0% in the 1st quarter. KBC Group NV now owns 2,101 shares of the company’s stock valued at $309,000 after buying an additional 460 shares in the last quarter. Finally, Precision Wealth Strategies LLC increased its position in shares of Oshkosh by 8.8% in the 1st quarter. Precision Wealth Strategies LLC now owns 3,813 shares of the company’s stock valued at $561,000 after buying an additional 308 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the subject of several research analyst reports. Zacks Research upgraded shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Truist Financial reiterated a “hold” rating and set a $176.00 target price (down from $183.00) on shares of Oshkosh in a research report on Monday. DA Davidson upped their target price on shares of Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Raymond James Financial reiterated an “outperform” rating and set a $175.00 target price on shares of Oshkosh in a research report on Monday, March 2nd. Finally, UBS Group upped their target price on shares of Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.38.

Read Our Latest Report on OSK

About Oshkosh

(Get 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.

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