Oshkosh Corporation $OSK Position Increased by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. increased its position in Oshkosh Corporation by 77.2%, owning 6,593 shares valued at $749,000 after a recent purchase of 2,873 shares.
• Oshkosh recently reported earnings of $3.41 per share, surpassing analysts' estimates and generating a revenue of $2.73 billion for the quarter.
• The company announced a quarterly dividend of $0.51 per share, representing an annualized dividend yield of 1.5% with a payout ratio of 20.48%.

Atria Wealth Solutions Inc. raised its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 77.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,593 shares of the company's stock after buying an additional 2,873 shares during the period. Atria Wealth Solutions Inc.'s holdings in Oshkosh were worth $749,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings in Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company's stock worth $67,000 after buying an additional 106 shares in the last quarter. Capital Insight Partners LLC lifted its position in shares of Oshkosh by 3.9% in the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after acquiring an additional 171 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of 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. US Bancorp DE lifted its position in shares of Oshkosh by 6.3% in the 1st quarter. US Bancorp DE now owns 3,202 shares of the company's stock valued at $301,000 after acquiring an additional 190 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Oshkosh by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 15,608 shares of the company's stock valued at $1,468,000 after acquiring an additional 200 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction 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 transaction, the chief marketing officer owned 10,459 shares in the company, valued at $1,468,129.83. This represents a 14.21% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Oshkosh Stock Down 3.0%

Oshkosh stock opened at $132.07 on Friday. The company has a market capitalization of $8.45 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.64 and a beta of 1.47. The firm's fifty day simple moving average is $135.44 and its 200-day simple moving average is $116.35. 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 Corporation has a 1-year low of $76.82 and a 1-year high of $144.30.

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 analysts' consensus estimates of $2.98 by $0.43. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. Oshkosh's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Sell-side analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

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

Analysts Set New Price Targets

OSK has been the subject of several research analyst reports. UBS Group set a $164.00 price target on shares of Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Truist Financial upped their price target on shares of Oshkosh from $155.00 to $171.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a research report on Tuesday, August 19th. Zacks Research downgraded shares of Oshkosh from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Finally, Wall Street Zen downgraded shares of Oshkosh from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Oshkosh currently has an average rating of "Moderate Buy" and a consensus target price of $147.08.

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.

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