Insider Selling: Oshkosh (NYSE:OSK) Director Sells $116,700.00 in Stock

Key Points

• Director John Pfeifer sold 778 Oshkosh shares for $116,700 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 0.51% to 150,669 shares.
• Oshkosh shares were trading near $143, down 0.2%, while the company reported quarterly EPS of $2.87, beating estimates, and revenue rose 6.7% year over year to $2.92 billion.
• The company maintains a quarterly dividend of $0.57 per share, equivalent to a 1.6% yield, while analysts hold a “Moderate Buy” consensus rating with an average price target of $170.71.

Oshkosh Corporation (NYSE:OSK - Get Free Report) Director John Pfeifer sold 778 shares of Oshkosh 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 transaction, the director directly owned 150,669 shares in the company, valued at $22,600,350. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oshkosh Trading Down 0.2%

Shares of Oshkosh stock traded down $0.27 during mid-day trading on Tuesday, hitting $143.13. The stock had a trading volume of 542,612 shares, compared to its average volume of 741,457. The firm has a 50-day moving average of $150.51 and a two-hundred day moving average of $146.33. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The firm has a market cap of $8.84 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27.

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 the consensus estimate of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the company earned $3.41 EPS. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Sell-side analysts forecast that Oshkosh Corporation will post 10.72 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 13th. Oshkosh's payout ratio is 26.09%.

Institutional Trading of Oshkosh

Several large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its position in shares of Oshkosh by 55.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,445 shares of the company's stock worth $529,000 after purchasing an additional 1,226 shares during the last quarter. Tidal Investments LLC grew its position in shares of Oshkosh by 14.6% in the second quarter. Tidal Investments LLC now owns 22,608 shares of the company's stock valued at $3,470,000 after purchasing an additional 2,885 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Oshkosh by 40.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 35,284 shares of the company's stock worth $5,415,000 after buying an additional 10,074 shares during the period. NewEdge Advisors LLC lifted its position in Oshkosh by 90.9% during the second quarter. NewEdge Advisors LLC now owns 3,882 shares of the company's stock valued at $596,000 after buying an additional 1,849 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Oshkosh by 90.5% in the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company's stock worth $219,000 after acquiring an additional 679 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OSK has been the subject of a number of research reports. Weiss Ratings upgraded shares of Oshkosh from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $145.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Zacks Research upgraded Oshkosh from a "strong sell" rating to a "hold" rating in a research report on Friday, August 21st. Truist Financial boosted their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. Finally, Robert W. Baird raised their price target on Oshkosh from $172.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $170.71.

About Oshkosh

Oshkosh Corporation NYSE: OSK is a manufacturer of specialty vehicles and equipment headquartered in Oshkosh, Wisconsin. Founded in 1917, the company serves commercial, government and municipal customers in markets that require purpose-built vehicles for demanding operating environments.

Oshkosh operates through businesses focused on access equipment, defense, fire apparatus and vocational vehicles. Its products include aerial work platforms and other equipment used in construction and industrial applications; tactical vehicles, trailers and related systems for defense and security customers; fire trucks, airport rescue vehicles and emergency response equipment; and vocational vehicles for refuse collection, concrete placement, snow removal and other specialized tasks.

The company serves customers in North America and international markets through a combination of manufacturing operations, dealerships, distributors and direct sales.

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