Oshkosh Corporation $OSK Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its Oshkosh stake by 73.4% in the second quarter, selling 23,816 shares and retaining 8,619 shares valued at approximately $1.33 million. Institutional investors and hedge funds collectively own 92.36% of the company.
• Analyst sentiment remains favorable: Oshkosh has an average “Moderate Buy” rating, with 11 Buy ratings and six Holds, and a consensus price target of $170.71.
• Oshkosh exceeded quarterly expectations, reporting $2.87 in earnings per share and $2.92 billion in revenue. The company also maintains a quarterly dividend of $0.57 per share, equivalent to an annualized yield of about 1.6%.

Hsbc Holdings PLC trimmed its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 73.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,619 shares of the company's stock after selling 23,816 shares during the period. Hsbc Holdings PLC's holdings in Oshkosh were worth $1,329,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC bought a new position in Oshkosh during the second quarter worth $5,910,000. Beacon Pointe Advisors LLC bought a new position in Oshkosh in the 2nd quarter worth approximately $627,000. North Star Asset Management Inc. acquired a new stake in Oshkosh in the 2nd quarter valued at approximately $1,295,000. Empowered Funds LLC bought a new position in shares of Oshkosh in the second quarter worth $6,466,000. Finally, United Capital Financial Advisors LLC bought a new position in Oshkosh in the 2nd quarter valued at about $227,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OSK shares. Truist Financial upped their target price on Oshkosh from $176.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Weiss Ratings raised Oshkosh from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Barclays lifted their price target on Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Finally, DA Davidson raised their price target on shares of Oshkosh from $168.00 to $176.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $170.71.

Oshkosh Stock Performance

OSK opened at $146.11 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The company has a market cap of $9.02 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27. The stock has a 50-day moving average of $150.53 and a 200-day moving average of $146.78. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week high of $180.49.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The firm's revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities research analysts forecast that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.57 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. Oshkosh's payout ratio is presently 26.09%.

About Oshkosh

Oshkosh Corporation NYSE: OSK is a manufacturer of specialty vehicles and equipment headquartered in Oshkosh, Wisconsin. Founded in 1917, the company serves commercial, government and municipal customers in markets that require purpose-built vehicles for demanding operating environments.

Oshkosh operates through businesses focused on access equipment, defense, fire apparatus and vocational vehicles. Its products include aerial work platforms and other equipment used in construction and industrial applications; tactical vehicles, trailers and related systems for defense and security customers; fire trucks, airport rescue vehicles and emergency response equipment; and vocational vehicles for refuse collection, concrete placement, snow removal and other specialized tasks.

The company serves customers in North America and international markets through a combination of manufacturing operations, dealerships, distributors and direct sales.

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