Creative Planning Sells 1,963 Shares of Oshkosh Corporation $OSK

Creative Planning reduced its position in Oshkosh Corporation (NYSE:OSK) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,172 shares of the company’s stock after selling 1,963 shares during the period. Creative Planning’s holdings in Oshkosh were worth $1,723,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OSK. Whittier Trust Co. raised its stake in shares of Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after purchasing an additional 114 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Oshkosh by 215.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock valued at $46,000 after acquiring an additional 278 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock worth $67,000 after acquiring an additional 370 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Oshkosh by 21.8% during the second 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. Finally, Bessemer Group Inc. lifted its position in Oshkosh by 92.7% during the second quarter. Bessemer Group Inc. now owns 819 shares of the company’s stock valued at $93,000 after purchasing an additional 394 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Down 0.7%

NYSE OSK opened at $126.85 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.57 and a beta of 1.45. The company has a fifty day moving average of $128.80 and a two-hundred day moving average of $124.55.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.08. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.84 billion. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.93 earnings per share. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, November 17th. Oshkosh’s dividend payout ratio is presently 19.90%.

Analyst Ratings Changes

OSK has been the topic of several research analyst reports. UBS Group increased their price target on Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Barclays assumed coverage on Oshkosh in a research note on Tuesday. They set an “overweight” rating and a $150.00 price target for the company. Wells Fargo & Company began coverage on shares of Oshkosh in a research report on Thursday, November 13th. They set an “overweight” rating and a $144.00 target price for the company. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Twelve investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Oshkosh 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.