5,074 Shares in Oshkosh Corporation $OSK Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC acquired 5,074 shares of Oshkosh Corporation, valued at approximately $477,000, marking its first investment in the company.
• Analysts have varied opinions on Oshkosh, with price targets ranging from $92.00 to $164.00, indicating a consensus target price of $138.08.
• Oshkosh recently announced a quarterly dividend of $0.51 per share, with a dividend yield of 1.5% and a payout ratio of 20.48%.

Focus Partners Advisor Solutions LLC acquired a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,074 shares of the company's stock, valued at approximately $477,000.

A number of other institutional investors have also recently added to or reduced their stakes in OSK. Parallel Advisors LLC grew its stake in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after buying an additional 127 shares during the last quarter. CX Institutional bought a new position in Oshkosh during the 1st quarter worth $28,000. Golden State Wealth Management LLC grew its stake in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares in the last quarter. Signaturefd LLC grew its stake in shares of Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after purchasing an additional 370 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. UBS Group set a $164.00 price target on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Bank of America increased their price target on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. Wall Street Zen cut Oshkosh from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Evercore ISI reissued an "outperform" rating on shares of Oshkosh in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of "Moderate Buy" and a consensus target price of $138.08.

Oshkosh Trading Up 0.3%

Shares of Oshkosh stock opened at $139.53 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The business has a fifty day simple moving average of $131.93 and a 200-day simple moving average of $109.17. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating the consensus estimate of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the business posted $3.34 earnings per share. Oshkosh's revenue was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh's dividend payout ratio is currently 20.48%.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares of the company's stock, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Oshkosh Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.

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