Confluence Wealth Services Inc. Buys Shares of 2,320 Oshkosh Corporation $OSK

Confluence Wealth Services Inc. purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,320 shares of the company’s stock, valued at approximately $263,000.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Oshkosh by 267.3% in the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock valued at $126,224,000 after purchasing an additional 992,313 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Oshkosh during the first quarter worth $54,860,000. Dimensional Fund Advisors LP boosted its position in shares of Oshkosh by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock worth $251,417,000 after buying an additional 354,714 shares during the period. American Century Companies Inc. grew its stake in shares of Oshkosh by 14.7% in the first quarter. American Century Companies Inc. now owns 2,328,880 shares of the company’s stock valued at $219,101,000 after buying an additional 298,470 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Oshkosh in the 1st quarter valued at $23,542,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the transaction, the senior vice president owned 13,716 shares in the company, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Oshkosh Stock Up 0.4%

Shares of NYSE:OSK opened at $131.91 on Tuesday. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The firm’s 50 day moving average price is $135.54 and its 200 day moving average price is $114.26. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.63 and a beta of 1.47.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the firm posted $3.34 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $0.51 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is currently 20.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OSK shares. Citigroup raised their target price on Oshkosh from $150.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Robert W. Baird increased their price target on shares of Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Saturday, September 27th. The Goldman Sachs Group raised shares of Oshkosh from a “neutral” rating to a “buy” rating and upped their target price for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. Finally, KeyCorp raised their price target on shares of Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and an average price target of $140.58.

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.