Kaufman Rossin Wealth LLC Invests $235,000 in Oshkosh Corporation $OSK

Key Points

• Kaufman Rossin Wealth LLC has invested $235,000 in Oshkosh Corporation, acquiring 2,501 shares of its stock during the first quarter.
• Analysts have a consensus rating of "Moderate Buy" for Oshkosh stock, with an average target price of $133.08, reflecting optimistic sentiment from nine analysts with Buy ratings.
• Oshkosh recently announced a quarterly dividend of $0.51 per share, giving an annualized yield of 1.5%, with a dividend payout ratio of 20.48%.

Kaufman Rossin Wealth LLC bought a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,501 shares of the company's stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Oshkosh by 91.4% during the 1st 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 bought a new position in Oshkosh in the first quarter valued at $28,000. Coppell Advisory Solutions LLC raised its position in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 110 shares in the last quarter. Golden State Wealth Management LLC raised its position in Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Oshkosh by 88.7% during 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 last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Analysts Set New Price Targets

OSK has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. UBS Group set a $164.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Evercore ISI restated an "outperform" rating on shares of Oshkosh in a report on Tuesday. Finally, Citigroup reaffirmed a "buy" rating and issued a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $133.08.

Insider Buying and Selling at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.55% of the company's stock.

Oshkosh Stock Down 1.1%

OSK stock opened at $137.4040 on Thursday. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $141.98. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43. The business's 50 day moving average price is $124.85 and its two-hundred day moving average price is $106.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

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, beating the consensus estimate of $2.98 by $0.43. The company 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 firm's revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, analysts forecast 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 will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh's dividend payout ratio is 20.48%.

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.

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