Oshkosh Corporation $OSK Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its stake in Oshkosh Corporation (NYSE:OSK) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,688 shares of the company’s stock after selling 455 shares during the quarter. Truist Financial Corp’s holdings in Oshkosh were worth $2,122,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CX Institutional acquired a new position in Oshkosh during the first quarter worth about $28,000. Golden State Wealth Management LLC boosted its holdings in Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after purchasing an additional 106 shares during the last quarter. Signaturefd LLC boosted its holdings in Oshkosh by 88.7% in the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after purchasing an additional 299 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Oshkosh by 107.6% in the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OSK shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a report on Wednesday. Truist Financial upped their price objective on shares of Oshkosh from $155.00 to $171.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp upped their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. The Goldman Sachs Group upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. Finally, UBS Group set a $164.00 price objective on shares of Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.25.

Oshkosh Price Performance

Shares of OSK opened at $124.21 on Friday. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The firm’s 50 day moving average price is $135.80 and its 200 day moving average price is $114.92. The company has a market cap of $7.95 billion, a P/E ratio of 12.47, a PEG ratio of 1.65 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 (NYSE:OSK) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the firm earned $3.34 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a $0.51 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. Oshkosh’s dividend payout ratio is presently 20.48%.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction 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 completion of 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 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 company’s stock in a transaction 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 of the company’s stock, valued at approximately $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 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.