Amundi Trims Position in Oshkosh Corporation $OSK

Key Points

• Amundi cut its Oshkosh position by 62.5% in the first quarter, selling 53,698 shares and retaining 32,214 shares valued at approximately $4.7 million. Institutional investors collectively own 92.36% of the company.
• Wall Street maintains a favorable outlook, with an overall “Moderate Buy” rating and a consensus price target of $171.33; 11 analysts rate the stock Buy, five Hold, and one Sell.
• Oshkosh reported quarterly EPS of $2.87, beating estimates of $2.63, while revenue rose 6.7% year over year to $2.92 billion. The company also declared a quarterly dividend of $0.57 per share, representing a 1.5% annualized yield.

Amundi decreased its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 62.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,214 shares of the company's stock after selling 53,698 shares during the quarter. Amundi owned approximately 0.05% of Oshkosh worth $4,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OSK. Tower View Wealth Management LLC purchased a new position in shares of Oshkosh during the 1st quarter worth $29,000. Torren Management LLC purchased a new stake in shares of Oshkosh in the 4th quarter worth $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh in the 4th quarter worth $44,000. Basepoint Wealth LLC bought a new position in Oshkosh in the 4th quarter worth $51,000. Finally, Global Retirement Partners LLC lifted its position in Oshkosh by 284.9% during the fourth quarter. Global Retirement Partners LLC now owns 408 shares of the company's stock valued at $51,000 after purchasing an additional 302 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on OSK shares. Barclays boosted their price target on Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Evercore reiterated an "outperform" rating and set a $181.00 price objective on shares of Oshkosh in a research note on Monday, May 11th. Robert W. Baird increased their target price on shares of Oshkosh from $172.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Truist Financial raised their target price on shares of Oshkosh from $176.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Finally, Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.33.

Oshkosh Stock Up 0.4%

NYSE OSK opened at $153.35 on Friday. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The stock has a market cap of $9.47 billion, a PE ratio of 17.55, a P/E/G ratio of 0.94 and a beta of 1.25. The stock's 50 day moving average is $142.74 and its 200 day moving average is $148.11.

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

Oshkosh Announces Dividend

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

Insider Buying and Selling

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the business's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the sale, the director owned 39,684 shares in the company, valued at $5,312,100.24. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

About Oshkosh

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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