8,619 Shares in Oshkosh Corporation $OSK Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC acquired 8,619 Oshkosh shares during the second quarter, valued at approximately $1.33 million. Institutional investors collectively own 92.36% of the company.
• Analysts maintain a positive outlook, with 11 Buy ratings and six Hold ratings. Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $170.71.
• Oshkosh reported quarterly earnings of $2.87 per share, exceeding expectations of $2.63, while revenue rose 6.7% year over year to $2.92 billion. The company also paid a quarterly dividend of $0.57 per share, representing a 1.5% yield.

Hsbc Holdings PLC acquired a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,619 shares of the company's stock, valued at approximately $1,329,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower View Wealth Management LLC bought a new stake in shares of Oshkosh in the first quarter valued at $29,000. Fiduciary Financial Advisors bought a new position in shares of Oshkosh during the 2nd quarter worth $38,000. Basepoint Wealth LLC bought a new position in shares of Oshkosh during the 4th quarter worth $51,000. Global Retirement Partners LLC increased its holdings in Oshkosh by 284.9% in the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company's stock worth $51,000 after acquiring an additional 302 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in Oshkosh by 33.7% in the 1st quarter. Whittier Trust Co. now owns 373 shares of the company's stock worth $55,000 after acquiring an additional 94 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Oshkosh from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. Robert W. Baird lifted their target price on shares of Oshkosh from $172.00 to $180.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Morgan Stanley lowered their price target on shares of Oshkosh from $157.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 12th. DA Davidson upped their price target on shares of Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Finally, Zacks Research raised shares of Oshkosh from a "strong sell" rating to a "hold" rating in a report on Friday, August 21st. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $170.71.

Oshkosh Stock Up 0.3%

OSK opened at $154.46 on Tuesday. The company has a fifty day moving average price of $149.59 and a 200-day moving average price of $147.82. The firm has a market capitalization of $9.54 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the prior year, the firm posted $3.41 earnings per share. The business's quarterly revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities research analysts expect that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, August 13th. Oshkosh's dividend payout ratio is currently 26.09%.

Oshkosh 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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