Oshkosh Corporation $OSK Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in Oshkosh Corporation (NYSE:OSK) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,615 shares of the company’s stock after selling 13,810 shares during the quarter. Legal & General Group Plc’s holdings in Oshkosh were worth $12,389,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new stake in Oshkosh during the 3rd quarter worth approximately $29,000. Torren Management LLC purchased a new position in Oshkosh in the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh in the fourth quarter worth $44,000. Lodestone Wealth Management LLC acquired a new position in shares of Oshkosh in the fourth quarter worth $47,000. Finally, Global Retirement Partners LLC increased its position in shares of Oshkosh by 284.9% during the fourth quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock worth $51,000 after acquiring an additional 302 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Transactions at Oshkosh

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the transaction, the director directly owned 39,684 shares in the company, valued at $5,312,100.24. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by company insiders.

Oshkosh Stock Performance

NYSE:OSK opened at $131.70 on Wednesday. Oshkosh Corporation has a 12 month low of $100.12 and a 12 month high of $180.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.83. The firm has a market capitalization of $8.21 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.62 and a beta of 1.26. The business’s fifty day moving average price is $141.56 and its 200 day moving average price is $144.18.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $1.92 earnings per share. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, sell-side analysts anticipate that Oshkosh Corporation will post 11 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, May 26th. This represents a $2.28 annualized dividend and a yield of 1.7%. Oshkosh’s payout ratio is presently 25.39%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Evercore reiterated an “outperform” rating and issued a $181.00 price objective on shares of Oshkosh in a research note on Monday, May 11th. Truist Financial restated a “hold” rating and set a $176.00 price target (down from $183.00) on shares of Oshkosh in a report on Monday, May 11th. Morgan Stanley reduced their price target on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Raymond James Financial reiterated an “outperform” rating and issued a $175.00 price objective on shares of Oshkosh in a research note on Monday, March 2nd. Finally, Wells Fargo & Company upped their target price on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.38.

Oshkosh Company 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.