2,039 Shares in Oshkosh Corporation $OSK Acquired by First Financial Bank Trust Division

Key Points

• First Financial Bank Trust Division has invested approximately $232,000 in Oshkosh Corporation, acquiring 2,039 shares during the second quarter.
• Oshkosh reported a quarterly EPS of $3.41, surpassing estimates, and has set FY 2025 guidance at $11.000 EPS.
• The company recently declared a quarterly dividend of $0.51 per share, representing a 1.5% dividend yield.

First Financial Bank Trust Division purchased a new position in Oshkosh Corporation (NYSE:OSK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,039 shares of the company's stock, valued at approximately $232,000.

Several other large investors also recently modified their holdings of the business. Parallel Advisors LLC grew its holdings in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after buying an additional 127 shares in the last quarter. CX Institutional bought a new position in shares of Oshkosh during the first quarter worth about $28,000. Golden State Wealth Management LLC grew its holdings in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after buying an additional 186 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after buying an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Oshkosh by 107.6% during the first quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after buying an additional 370 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OSK shares. Zacks Research upgraded Oshkosh from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and increased their price target for the company from $93.00 to $127.00 in a research report on Tuesday, June 3rd. Bank of America raised their price target on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. Finally, The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and raised their price target for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.08.

Oshkosh Stock Performance

Shares of OSK traded down $2.63 during mid-day trading on Friday, reaching $133.64. The company's stock had a trading volume of 173,344 shares, compared to its average volume of 751,382. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The stock has a market cap of $8.55 billion, a P/E ratio of 13.42, a PEG ratio of 1.66 and a beta of 1.49. The business has a 50-day simple moving average of $134.40 and a two-hundred day simple moving average of $111.21. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25.

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

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is presently 20.48%.

Insider Buying and Selling

In related news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the sale, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh 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 sale, the senior vice president directly owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

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.