Burney Co. Decreases Position in Oshkosh Corporation $OSK

Burney Co. reduced its stake in shares of Oshkosh Corporation (NYSE:OSK) by 28.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,207 shares of the company’s stock after selling 9,395 shares during the quarter. Burney Co.’s holdings in Oshkosh were worth $3,140,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of OSK. Harbor Capital Advisors Inc. purchased a new stake in Oshkosh during the 3rd quarter valued at about $26,000. Blue Trust Inc. grew its holdings in shares of Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after purchasing an additional 179 shares during the last quarter. Whittier Trust Co. grew its holdings 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. Caldwell Trust Co purchased a new position in shares of Oshkosh in the second quarter worth $38,000. Finally, Hantz Financial Services Inc. boosted its position in 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 buying an additional 278 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK stock opened at $130.54 on Friday. The company’s fifty day moving average price is $127.98 and its 200-day moving average price is $128.76. The stock has a market cap of $8.26 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.08. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the business earned $2.93 EPS. Oshkosh’s quarterly revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, equities analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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

Analysts Set New Price Targets

OSK has been the topic of a number of analyst reports. Wells Fargo & Company began coverage on shares of Oshkosh in a research note on Thursday, November 13th. They set an “overweight” rating and a $144.00 price objective for the company. Argus dropped their price target on Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Truist Financial cut their price target on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. UBS Group upped their price objective on shares of Oshkosh from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Morgan Stanley raised their target price on shares of Oshkosh from $136.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.56.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.