Kingsview Wealth Management LLC Buys New Shares in Oshkosh Corporation $OSK

Key Points

• Kingsview Wealth Management opened a new position in Oshkosh Corporation during the fourth quarter, buying 59,157 shares worth about $7.43 million.
• Oshkosh reported Q earnings of $0.85 per share, missing analyst expectations, although revenue of $2.32 billion slightly beat estimates and was roughly flat year over year.
• The company announced a quarterly dividend of $0.57 per share and continues to draw mostly bullish analyst sentiment, with a consensus rating of Moderate Buy and an average price target of $165.38.

Kingsview Wealth Management LLC bought a new position in Oshkosh Corporation (NYSE:OSK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 59,157 shares of the company's stock, valued at approximately $7,432,000. Kingsview Wealth Management LLC owned 0.09% of Oshkosh as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. LSV Asset Management lifted its position in shares of Oshkosh by 0.9% in the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company's stock valued at $240,427,000 after acquiring an additional 17,944 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company's stock worth $193,728,000 after purchasing an additional 345,782 shares in the last quarter. Invesco Ltd. raised its stake in Oshkosh by 26.3% during the 3rd quarter. Invesco Ltd. now owns 1,476,969 shares of the company's stock valued at $191,563,000 after purchasing an additional 307,949 shares during the period. Bank of America Corp DE raised its stake in Oshkosh by 2.4% during the 2nd quarter. Bank of America Corp DE now owns 1,090,142 shares of the company's stock valued at $123,775,000 after purchasing an additional 25,125 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company's stock worth $118,481,000 after purchasing an additional 822,874 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

NYSE:OSK opened at $129.47 on Friday. The company has a market cap of $8.07 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.63 and a beta of 1.33. Oshkosh Corporation has a 1 year low of $97.28 and a 1 year high of $180.49. The stock's 50 day simple moving average is $142.26 and its two-hundred day simple moving average is $144.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.83.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, equities analysts anticipate that Oshkosh Corporation will post 11 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, May 26th. Oshkosh's dividend payout ratio (DPR) is presently 25.39%.

Insider Buying and Selling at Oshkosh

In other news, Director Duncan Palmer sold 505 shares of the business's stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the sale, the director directly owned 39,684 shares in the company, valued at $5,312,100.24. The trade was a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OSK shares. Robert W. Baird dropped their price target on Oshkosh from $175.00 to $172.00 and set an "outperform" rating for the company in a research note on Monday, May 11th. Truist Financial reiterated a "hold" rating and set a $176.00 price objective (down from $183.00) on shares of Oshkosh in a research report on Monday, May 11th. Bank of America raised shares of Oshkosh from an "underperform" rating to a "neutral" rating and set a $149.00 target price on the stock in a report on Tuesday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Oshkosh from $158.00 to $145.00 and set a "neutral" rating for the company in a research report on Monday, May 11th. Finally, DA Davidson lifted their price target on shares of Oshkosh from $160.00 to $168.00 and gave the company a "buy" rating in a report on Monday, February 2nd. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $165.38.

Oshkosh Profile

Oshkosh Corporation NYSE: OSK is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

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