DAVENPORT & Co LLC Has $1.01 Million Position in Oshkosh Corporation $OSK

Key Points

• DAVENPORT & Co LLC increased its position in Oshkosh Corporation by 47.9%, owning 8,931 shares valued at approximately $1.01 million.
• Oshkosh's stock is currently facing a decline, with a 6.3% decrease in value and analysts setting a consensus target price of $144.25.
• The company declared a quarterly dividend of $0.51, resulting in an annualized yield of 1.6% and a payout ratio of 20.48%.

DAVENPORT & Co LLC boosted its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 47.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,931 shares of the company's stock after purchasing an additional 2,891 shares during the period. DAVENPORT & Co LLC's holdings in Oshkosh were worth $1,014,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of OSK. UMB Bank n.a. increased its stake in shares of Oshkosh by 221.7% in the first quarter. UMB Bank n.a. now owns 740 shares of the company's stock valued at $70,000 after buying an additional 510 shares during the period. Handelsbanken Fonder AB acquired a new stake in shares of Oshkosh in the first quarter valued at about $2,130,000. CX Institutional acquired a new stake in shares of Oshkosh in the first quarter valued at about $28,000. Simon Quick Advisors LLC acquired a new stake in shares of Oshkosh in the first quarter valued at about $264,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Oshkosh by 159.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,013 shares of the company's stock valued at $2,730,000 after buying an additional 17,829 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on OSK shares. DA Davidson set a $160.00 price target on Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Evercore ISI reissued an "outperform" rating on shares of Oshkosh in a research note on Tuesday, August 19th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and increased their price target for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. KeyCorp upped their target price on Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered Oshkosh from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Oshkosh presently has an average rating of "Moderate Buy" and a consensus target price of $144.25.

Insider Activity at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the transaction, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction that occurred on 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. The trade was a 22.58% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Oshkosh Stock Down 6.3%

Shares of Oshkosh stock opened at $124.21 on Friday. The stock's 50-day moving average is $135.80 and its 200 day moving average is $114.92. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion for 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 company's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $0.51 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.6%. Oshkosh's dividend payout ratio 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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