Royal Bank of Canada Lowers Stock Position in Oshkosh Corporation $OSK

Royal Bank of Canada cut its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 4.6% during the first quarter, Holdings Channel.com reports. The firm owned 313,444 shares of the company’s stock after selling 14,996 shares during the period. Royal Bank of Canada’s holdings in Oshkosh were worth $46,140,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OSK. Thrivent Financial for Lutherans lifted its holdings in Oshkosh by 1,945.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 425,600 shares of the company’s stock worth $53,468,000 after buying an additional 404,788 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in shares of Oshkosh by 84.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,593 shares of the company’s stock valued at $8,037,000 after acquiring an additional 25,037 shares during the period. LSV Asset Management increased its holdings in shares of Oshkosh by 0.9% in the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock valued at $240,427,000 after acquiring an additional 17,944 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of Oshkosh in the 4th quarter worth $7,432,000. Finally, Norges Bank bought a new position in shares of Oshkosh in the 4th quarter worth $127,907,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the transaction, the director owned 39,684 shares in the company, valued at $5,312,100.24. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

Oshkosh Price Performance

Shares of NYSE OSK opened at $142.78 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The company has a market cap of $8.82 billion, a PE ratio of 16.34, a P/E/G ratio of 0.89 and a beta of 1.25. The business has a 50-day simple moving average of $140.88 and a two-hundred day simple moving average of $148.09. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.24. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities analysts expect that Oshkosh Corporation will post 10.54 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. Oshkosh’s payout ratio is 26.09%.

Analyst Upgrades and Downgrades

OSK has been the topic of a number of recent research reports. DA Davidson raised their price objective on Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a report on Thursday, April 9th. Robert W. Baird lifted their price objective on shares of Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Morgan Stanley decreased their target price on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and an average target price of $171.33.

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.