Oshkosh Corporation $OSK Stock Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Oshkosh stake by 60.1% in the third quarter, selling 21,622 shares and retaining 14,378 shares valued at approximately $1.85 million. Institutional investors collectively own 92.36% of the company.
• Analyst sentiment remains positive overall, with 11 Buy ratings, five Holds and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $165.79.
• Oshkosh exceeded quarterly earnings and revenue expectations, reporting $2.87 in EPS and $2.92 billion in revenue, while maintaining a quarterly dividend of $0.57 per share, equivalent to a 1.7% yield.

Assenagon Asset Management S.A. trimmed its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 60.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,378 shares of the company's stock after selling 21,622 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Oshkosh were worth $1,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Annex Advisory Services LLC boosted its stake in shares of Oshkosh by 2.8% during the second quarter. Annex Advisory Services LLC now owns 2,967 shares of the company's stock valued at $455,000 after purchasing an additional 80 shares during the period. World Investment Advisors boosted its position in Oshkosh by 4.7% in the 1st quarter. World Investment Advisors now owns 1,809 shares of the company's stock valued at $266,000 after buying an additional 82 shares during the period. Waverly Advisors LLC grew its stake in Oshkosh by 0.5% in the 1st quarter. Waverly Advisors LLC now owns 18,595 shares of the company's stock worth $2,737,000 after acquiring an additional 90 shares in the last quarter. Personal CFO Solutions LLC grew its stake in Oshkosh by 4.8% in the 1st quarter. Personal CFO Solutions LLC now owns 1,992 shares of the company's stock worth $293,000 after acquiring an additional 92 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company's stock worth $55,000 after purchasing an additional 94 shares during the period. 92.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OSK shares. Citigroup lowered their target price on Oshkosh from $155.00 to $135.00 and set a "neutral" rating for the company in a report on Monday, October 12th. Zacks Research lowered shares of Oshkosh from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 13th. Wall Street Zen upgraded shares of Oshkosh from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Robert W. Baird increased their target price on shares of Oshkosh from $172.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Finally, DA Davidson raised their target price on shares of Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $165.79.

Oshkosh Stock Performance

OSK stock opened at $135.76 on Thursday. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.01 and a beta of 1.26. The firm has a 50-day simple moving average of $142.24 and a two-hundred day simple moving average of $142.60. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The company'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. On average, equities analysts forecast that Oshkosh Corporation will post 10.54 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 13th. Oshkosh's dividend payout ratio (DPR) is currently 26.09%.

Insider Buying and Selling at Oshkosh

In other news, Director John Pfeifer sold 778 shares of the business's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the sale, the director owned 150,669 shares in the company, valued at approximately $22,600,350. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company's stock.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh's product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.

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