Pacer Advisors Inc. Decreases Stock Position in Oshkosh Corporation $OSK

Key Points

• Pacer Advisors slashed its Oshkosh position by 96.7% in the first quarter, selling 220,277 shares and retaining 7,511 shares worth approximately $1.1 million. Institutional investors collectively own 92.36% of the company.
• Oshkosh exceeded quarterly expectations with EPS of $2.87 versus the $2.63 consensus and revenue of $2.92 billion, up 6.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $171.33.
• The company declared a quarterly dividend of $0.57 per share, equivalent to $2.28 annually and a 1.5% yield, with payment scheduled for August 27 to shareholders of record as of August 13.

Pacer Advisors Inc. cut its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 96.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,511 shares of the company's stock after selling 220,277 shares during the quarter. Pacer Advisors Inc.'s holdings in Oshkosh were worth $1,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tower View Wealth Management LLC bought a new stake in Oshkosh in the 1st quarter valued at about $29,000. Torren Management LLC bought a new position in Oshkosh during the fourth quarter worth about $30,000. V Square Quantitative Management LLC bought a new position in Oshkosh during the fourth quarter worth about $44,000. Whittier Trust Co. increased its stake in shares of Oshkosh by 33.7% in the first quarter. Whittier Trust Co. now owns 373 shares of the company's stock worth $55,000 after purchasing an additional 94 shares in the last quarter. Finally, Basepoint Wealth LLC purchased a new position in shares of Oshkosh in the fourth quarter worth about $51,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Oshkosh stock opened at $155.44 on Monday. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $9.60 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25. The firm's 50 day simple moving average is $143.25 and its 200 day simple moving average is $148.13.

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

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, August 13th. Oshkosh's payout ratio is presently 26.09%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OSK. Zacks Research lowered shares of Oshkosh from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 23rd. Evercore reiterated an "outperform" rating and issued a $181.00 price objective on shares of Oshkosh in a research note on Monday, May 11th. DA Davidson boosted their target price on shares of Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Barclays increased their target price on Oshkosh from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Robert W. Baird raised their price target on Oshkosh from $172.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh has an average rating of "Moderate Buy" and a consensus price target of $171.33.

Insiders Place Their Bets

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

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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