Wealth Enhancement Advisory Services LLC Raises Holdings in Oshkosh Corporation $OSK

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Oshkosh Corporation by 22.9% during Q2, acquiring a total of 35,655 shares valued at approximately $4.43 million.
• Oshkosh Corporation reported earnings per share (EPS) of $3.41, exceeding analysts' expectations, along with a revenue of $2.73 billion for the quarter.
• A number of analysts have upgraded their ratings for Oshkosh, with Truist Financial raising its rating from "hold" to "buy" and increasing the price target from $93 to $127.

Wealth Enhancement Advisory Services LLC grew its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 22.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,655 shares of the company's stock after buying an additional 6,642 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.06% of Oshkosh worth $4,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new position in shares of Oshkosh during the 2nd quarter valued at $325,000. Pallas Capital Advisors LLC lifted its position in shares of Oshkosh by 48.8% during the 2nd quarter. Pallas Capital Advisors LLC now owns 15,304 shares of the company's stock valued at $1,738,000 after buying an additional 5,016 shares during the last quarter. Everpar Advisors LLC purchased a new position in shares of Oshkosh during the 2nd quarter valued at $208,000. Baker Ellis Asset Management LLC lifted its position in shares of Oshkosh by 55.4% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 54,872 shares of the company's stock valued at $6,230,000 after buying an additional 19,568 shares during the last quarter. Finally, OMNI 360 Wealth Inc. purchased a new position in shares of Oshkosh during the 2nd quarter valued at $237,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on OSK. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and upped their price target for the company from $93.00 to $127.00 in a research report on Tuesday, June 3rd. KeyCorp increased their price objective on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. DA Davidson set a $160.00 price objective on Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Finally, UBS Group set a $164.00 price objective on Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $140.58.

Oshkosh Stock Performance

NYSE:OSK opened at $127.41 on Friday. The business's 50-day moving average price is $135.06 and its two-hundred day moving average price is $112.38. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The stock has a market cap of $8.15 billion, a P/E ratio of 12.79, a PEG ratio of 1.61 and a beta of 1.49. 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 (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating 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 firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.67 billion. During the same quarter last year, the firm posted $3.34 EPS. The company's revenue was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is currently 20.48%.

Insider Transactions at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction dated 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 directly owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were 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 approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

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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