HB Wealth Management LLC Invests $276,000 in Oshkosh Corporation $OSK

Key Points

• HB Wealth Management LLC has invested approximately $276,000 in Oshkosh Corporation, acquiring 2,435 shares in the second quarter.
• Oshkosh reported $3.41 earnings per share for the last quarter, exceeding analysts' expectations of $2.98, while revenue was $2.73 billion, also above the $2.67 billion estimate.
• The company recently declared a quarterly dividend of $0.51 per share, yielding 1.5%, with a payout ratio of 20.48%.

HB Wealth Management LLC acquired a new position in Oshkosh Corporation (NYSE:OSK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,435 shares of the company's stock, valued at approximately $276,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares during the period. CX Institutional acquired a new position in Oshkosh in the first quarter worth $28,000. Golden State Wealth Management LLC boosted its holdings in Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares during the period. Farther Finance Advisors LLC boosted its holdings in Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company's stock worth $67,000 after purchasing an additional 106 shares during the period. Finally, Signaturefd LLC boosted its holdings in Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Price Performance

NYSE OSK opened at $131.91 on Tuesday. The stock's 50-day moving average price is $135.54 and its two-hundred day moving average price is $114.26. 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 cap of $8.44 billion, a PE ratio of 13.24, a PEG ratio of 1.63 and a beta of 1.47. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The firm'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 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 yield of 1.5%. Oshkosh's dividend payout ratio is presently 20.48%.

Insider Buying and Selling

In other news, 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 sale, the senior vice president directly owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total value 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 $1,468,129.83. This 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 owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Oshkosh in a research note on Saturday, September 27th. Citigroup raised their target price on Oshkosh from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Wall Street Zen cut Oshkosh from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. KeyCorp raised their target price on Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Finally, Robert W. Baird raised their target price on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.58.

Oshkosh Company Profile

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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