Oshkosh Corporation $OSK Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of Oshkosh Corporation (NYSE:OSK) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,495 shares of the company’s stock after selling 1,853 shares during the period. Janney Montgomery Scott LLC owned 0.05% of Oshkosh worth $3,690,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after acquiring an additional 106 shares during the period. Capital Insight Partners LLC lifted its stake in shares of Oshkosh by 3.9% in the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company’s stock worth $433,000 after acquiring an additional 171 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after acquiring an additional 186 shares during the period. US Bancorp DE lifted its stake in shares of Oshkosh by 6.3% in the 1st quarter. US Bancorp DE now owns 3,202 shares of the company’s stock worth $301,000 after acquiring an additional 190 shares during the period. Finally, State of Michigan Retirement System lifted its stake in shares of Oshkosh by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 15,608 shares of the company’s stock worth $1,468,000 after acquiring an additional 200 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Oshkosh from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday. KeyCorp upped their price target on shares of Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Zacks Research lowered shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Robert W. Baird increased their target price on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $144.25.

Oshkosh Stock Up 3.2%

Shares of NYSE:OSK opened at $134.57 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The company has a market cap of $8.61 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.62 and a beta of 1.47. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30. The firm has a 50 day simple moving average of $135.80 and a 200 day simple moving average of $114.51.

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

Oshkosh Dividend Announcement

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

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares in the company, 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 is available through the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

About Oshkosh

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.