Signaturefd LLC Sells 120 Shares of Oshkosh Corporation $OSK

Signaturefd LLC lessened its stake in Oshkosh Corporation (NYSE:OSK) by 18.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 516 shares of the company’s stock after selling 120 shares during the quarter. Signaturefd LLC’s holdings in Oshkosh were worth $59,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional acquired a new stake in Oshkosh during the 1st quarter worth $28,000. Golden State Wealth Management LLC lifted its holdings in Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after acquiring an additional 186 shares in the last quarter. Brooklyn Investment Group grew its stake in Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after acquiring an additional 370 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Bryan K. Brandt sold 1,732 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president owned 13,716 shares of the company’s stock, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Oshkosh from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 28th. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. UBS Group set a $164.00 price target on shares of Oshkosh and gave the company a “buy” rating in a report on Tuesday, August 5th. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Finally, Citigroup boosted their price objective on shares of Oshkosh from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.58.

Oshkosh Price Performance

Shares of NYSE OSK opened at $131.43 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. The business has a 50-day moving average of $135.49 and a 200-day moving average of $114.00. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.63 and a beta of 1.47. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30.

Oshkosh (NYSE:OSK) last released its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.Oshkosh’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, sell-side analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

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

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.