Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Oshkosh Corporation $OSK

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Oshkosh Corporation by 19.7% during the second quarter, having acquired an additional 2,138 shares, bringing its total to 13,004 shares valued at $1.48 million.
• Oshkosh recently reported Q2 earnings of $3.41 EPS, exceeding expectations, and revealed a quarterly revenue of $2.73 billion, marking a 4% year-over-year decline.
• Corporate insiders, including senior executives, have been selling shares, with SVP Anupam Khare selling 4,000 shares at an average price of $139.03, resulting in a 22.58% reduction in their holdings.

Vanguard Personalized Indexing Management LLC raised its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 19.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,004 shares of the company's stock after acquiring an additional 2,138 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Oshkosh were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Oshkosh during the 2nd quarter worth approximately $233,000. IFP Advisors Inc raised its holdings in shares of Oshkosh by 94.6% during the 2nd quarter. IFP Advisors Inc now owns 825 shares of the company's stock worth $94,000 after acquiring an additional 401 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Oshkosh during the 2nd quarter worth approximately $898,000. Confluence Wealth Services Inc. purchased a new stake in shares of Oshkosh during the 2nd quarter worth approximately $263,000. Finally, DAVENPORT & Co LLC raised its holdings in shares of Oshkosh by 47.9% during the 2nd quarter. DAVENPORT & Co LLC now owns 8,931 shares of the company's stock worth $1,014,000 after acquiring an additional 2,891 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, August 22nd. The stock was 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 of the company's stock, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. The trade was a 14.21% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $132.07 on Friday. The stock's fifty day moving average is $135.44 and its two-hundred day moving average is $116.21. The company has a market capitalization of $8.45 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.47. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating the consensus estimate of $2.98 by $0.43. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.Oshkosh's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh's dividend payout ratio is 20.48%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OSK shares. Wall Street Zen cut Oshkosh from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Robert W. Baird boosted their target price on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and boosted their target price for the company from $124.00 to $131.00 in a research report on Tuesday, July 1st. DA Davidson set a $160.00 target price on Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, UBS Group set a $164.00 target price on Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $147.08.

Oshkosh Company 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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