Oshkosh Corporation $OSK Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its holdings in Oshkosh Corporation (NYSE:OSK) by 26.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,156 shares of the company’s stock after selling 5,960 shares during the period. Allianz Asset Management GmbH’s holdings in Oshkosh were worth $1,834,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of OSK. Golden State Wealth Management LLC boosted its stake 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 buying an additional 186 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Oshkosh by 21.8% during 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. Signaturefd LLC boosted its position in shares of Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after acquiring an additional 299 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of 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 purchasing an additional 370 shares during the period. Finally, IFP Advisors Inc increased its position in Oshkosh by 94.6% during the second quarter. IFP Advisors Inc now owns 825 shares of the company’s stock worth $94,000 after purchasing an additional 401 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares of the company’s stock, valued at $1,468,129.83. This trade represents 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 business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value 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 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 owned by corporate insiders.

Analysts Set New Price Targets

OSK has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Saturday. Citigroup raised their target price on Oshkosh from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. UBS Group set a $164.00 price target on Oshkosh and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.08.

Oshkosh Trading Down 0.4%

Shares of OSK stock opened at $139.40 on Friday. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The company has a 50 day moving average price of $135.24 and a 200 day moving average price of $118.26. The stock has a market capitalization of $8.92 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

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 company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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