2,401 Shares in Oshkosh Corporation $OSK Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC. has purchased a new stake in Oshkosh Corporation, acquiring 2,401 shares valued at approximately $226,000 during the first quarter of the year.
• Oshkosh's latest earnings report beat analysts' expectations, with an EPS of $3.41 and revenue of $2.73 billion, although revenue decreased by 4.0% year-over-year.
• The company recently declared a quarterly dividend of $0.51 per share, translating to an annual yield of 1.5%, with a dividend payout ratio of 20.48%.

Integrity Alliance LLC. bought a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,401 shares of the company's stock, valued at approximately $226,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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 valued at $25,000 after buying an additional 127 shares in the last quarter. CX Institutional acquired a new position in shares of Oshkosh during the 1st quarter worth about $28,000. Golden State Wealth Management LLC raised its holdings in Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after acquiring an additional 186 shares in the last quarter. Signaturefd LLC raised its holdings in Oshkosh by 88.7% in the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after acquiring an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in Oshkosh by 107.6% in the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock valued at $67,000 after acquiring an additional 370 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction 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. This trade represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction dated 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 of the company's stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Oshkosh Trading Up 1.8%

Oshkosh stock traded up $2.45 during mid-day trading on Thursday, hitting $136.30. 895,491 shares of the company's stock were exchanged, compared to its average volume of 542,631. The firm has a market capitalization of $8.72 billion, a P/E ratio of 13.69, a PEG ratio of 1.66 and a beta of 1.49. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. The company's 50 day simple moving average is $134.40 and its 200-day simple moving average is $111.21.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The company's 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, equities analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Citigroup reiterated a "buy" rating and issued a $130.00 price objective (up from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and upped their price objective for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and increased their price target for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. Finally, Bank of America increased their price target on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.08.

Oshkosh 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.