HighTower Advisors LLC Raises Holdings in Oshkosh Corporation $OSK

HighTower Advisors LLC boosted its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,668 shares of the company's stock after purchasing an additional 11,326 shares during the period. HighTower Advisors LLC owned about 0.18% of Oshkosh worth $11,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Coppell Advisory Solutions LLC lifted its position in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after buying an additional 110 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Oshkosh by 3.9% during the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after buying an additional 122 shares in the last quarter. Parallel Advisors LLC lifted 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. Capital Insight Partners LLC lifted its position in shares of Oshkosh by 3.9% during the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after buying an additional 171 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after buying an additional 186 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OSK shares. DA Davidson set a $160.00 price objective on Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and upped their price target for the stock 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 upped their price target for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. Robert W. Baird upped their price target on Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $133.08.

Oshkosh Trading Down 1.0%

Oshkosh stock traded down $1.3540 during mid-day trading on Tuesday, hitting $138.9260. The company's stock had a trading volume of 435,694 shares, compared to its average volume of 662,734. Oshkosh Corporation has a one year low of $76.82 and a one year high of $141.98. The stock has a market cap of $8.89 billion, a PE ratio of 13.95, a P/E/G ratio of 1.74 and a beta of 1.43. The company has a 50 day moving average of $124.31 and a 200-day moving average of $106.45. 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 issued its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same period in the prior year, the business earned $3.34 EPS. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh's dividend payout ratio is currently 20.48%.

About Oshkosh

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.