5,620 Shares in Oshkosh Corporation $OSK Bought by State of Wyoming

Key Points

• The State of Wyoming has acquired 5,620 shares of Oshkosh Corporation valued at approximately $529,000, indicating growing institutional interest in the company.
• Recent analyst reports show a mix of ratings for Oshkosh, with nine analysts giving a Buy rating and a new average price target of $138.08.
• Oshkosh announced a quarterly dividend of $0.51 per share, representing an annualized yield of 1.5%, which supports its income-generating appeal for investors.

State of Wyoming bought a new position in Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 5,620 shares of the company's stock, valued at approximately $529,000.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares during the period. CX Institutional bought a new position in Oshkosh in the 1st quarter worth $28,000. Golden State Wealth Management LLC raised its holdings in Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares during the period. Signaturefd LLC raised its holdings in Oshkosh by 88.7% in the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares during the period. Finally, Brooklyn Investment Group raised its holdings in Oshkosh by 107.6% in the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after purchasing an additional 370 shares during the period. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OSK has been the subject of a number of analyst reports. Wall Street Zen lowered Oshkosh from a "buy" rating to a "hold" rating in a research note on Saturday. DA Davidson set a $160.00 price target on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and increased their price target for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. Finally, KeyCorp increased their price target on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Oshkosh currently has an average rating of "Moderate Buy" and an average target price of $138.08.

Insider Activity

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

Oshkosh Trading Down 2.8%

Shares of Oshkosh stock opened at $139.19 on Friday. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.78 and a beta of 1.43. The business has a 50-day moving average price of $129.21 and a 200-day moving average price of $108.12. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30.

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

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh's dividend payout ratio (DPR) is presently 20.48%.

About Oshkosh

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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