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Dumont & Blake Investment Advisors LLC Increases Stake in Oshkosh Corporation $OSK

Oshkosh logo with Auto/Tires/Trucks background

Key Points

  • Dumont & Blake Investment Advisors LLC has increased its stake in Oshkosh Corporation by 20.1%, owning 11,444 shares valued at approximately $1.3 million.
  • Oshkosh shares have received multiple positive ratings from analysts, with targets ranging from $160.00 to $188.00, indicating strong investor confidence.
  • The company recently declared a quarterly dividend of $0.51 per share, which translates to an annualized yield of 1.5%.
  • MarketBeat previews top five stocks to own in November.

Dumont & Blake Investment Advisors LLC lifted its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 20.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,444 shares of the company's stock after acquiring an additional 1,915 shares during the period. Dumont & Blake Investment Advisors LLC's holdings in Oshkosh were worth $1,299,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Oshkosh by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company's stock worth $769,303,000 after acquiring an additional 35,382 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Oshkosh by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock worth $251,417,000 after acquiring an additional 354,714 shares during the period. American Century Companies Inc. increased its position in Oshkosh by 14.7% during the 1st quarter. American Century Companies Inc. now owns 2,328,880 shares of the company's stock worth $219,101,000 after purchasing an additional 298,470 shares in the last quarter. LSV Asset Management increased its position in Oshkosh by 6.9% during the 1st quarter. LSV Asset Management now owns 1,726,606 shares of the company's stock worth $162,439,000 after purchasing an additional 111,062 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Oshkosh by 267.3% during the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock worth $126,224,000 after purchasing an additional 992,313 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president owned 13,716 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction 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 $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group set a $164.00 target price on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Evercore ISI reaffirmed an "outperform" rating on shares of Oshkosh in a research report on Tuesday, August 19th. KeyCorp increased their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. DA Davidson set a $160.00 price objective on shares of Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Robert W. Baird increased their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Oshkosh currently has an average rating of "Moderate Buy" and a consensus target price of $147.08.

Read Our Latest Stock Analysis on OSK

Oshkosh Stock Down 3.0%

OSK stock opened at $132.07 on Friday. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $8.45 billion, a P/E ratio of 13.26, a PEG ratio of 1.64 and a beta of 1.47. The firm has a 50 day simple moving average of $135.44 and a 200-day simple moving average of $116.35.

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

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was 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

(Free Report)

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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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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