Amundi Sells 26,350 Shares of Oshkosh Corporation $OSK

Amundi trimmed its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 81.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,864 shares of the company's stock after selling 26,350 shares during the period. Amundi's holdings in Oshkosh were worth $900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in shares of Oshkosh by 11.2% in the second quarter. HighTower Advisors LLC now owns 127,908 shares of the company's stock valued at $19,631,000 after purchasing an additional 12,872 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Oshkosh in the 2nd quarter valued at $3,392,000. California State Teachers Retirement System increased its position in Oshkosh by 14,953.3% during the 2nd quarter. California State Teachers Retirement System now owns 11,162,447 shares of the company's stock worth $1,713,212,000 after buying an additional 11,088,294 shares during the period. Ameritas Advisory Services LLC increased its position in Oshkosh by 87.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,994 shares of the company's stock worth $613,000 after buying an additional 1,862 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in shares of Oshkosh by 91.9% during the second quarter. HB Wealth Management LLC now owns 5,250 shares of the company's stock worth $806,000 after buying an additional 2,514 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Price Performance

OSK stock opened at $143.47 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The company's fifty day simple moving average is $150.51 and its 200 day simple moving average is $146.33. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.08 and a beta of 1.27.

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

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, August 13th. Oshkosh's dividend payout ratio (DPR) is presently 26.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OSK. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $145.00 to $150.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Truist Financial boosted their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Robert W. Baird upped their target price on Oshkosh from $172.00 to $180.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Oshkosh from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $170.71.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a manufacturer of specialty vehicles and equipment headquartered in Oshkosh, Wisconsin. Founded in 1917, the company serves commercial, government and municipal customers in markets that require purpose-built vehicles for demanding operating environments.

Oshkosh operates through businesses focused on access equipment, defense, fire apparatus and vocational vehicles. Its products include aerial work platforms and other equipment used in construction and industrial applications; tactical vehicles, trailers and related systems for defense and security customers; fire trucks, airport rescue vehicles and emergency response equipment; and vocational vehicles for refuse collection, concrete placement, snow removal and other specialized tasks.

The company serves customers in North America and international markets through a combination of manufacturing operations, dealerships, distributors and direct sales.

Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corporation (NYSE:OSK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.