Hsbc Holdings PLC Cuts Stake in Oshkosh Corporation $OSK

Hsbc Holdings PLC decreased its stake in shares of Oshkosh Corporation (NYSE:OSK) by 16.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,435 shares of the company’s stock after selling 6,237 shares during the quarter. Hsbc Holdings PLC owned about 0.05% of Oshkosh worth $4,761,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Tower View Wealth Management LLC bought a new stake in shares of Oshkosh in the 1st quarter worth about $29,000. Torren Management LLC bought a new position in shares of Oshkosh in the 4th quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new position in Oshkosh in the fourth quarter worth about $44,000. Lodestone Wealth Management LLC purchased a new position in Oshkosh in the fourth quarter worth about $47,000. Finally, Basepoint Wealth LLC bought a new stake in Oshkosh during the fourth quarter worth approximately $51,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Up 2.0%

Oshkosh stock opened at $154.97 on Friday. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49. The business has a fifty day moving average price of $138.63 and a 200-day moving average price of $148.00. 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 stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.75 and a beta of 1.23.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the firm earned $1.92 earnings per share. Oshkosh’s quarterly revenue was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities research analysts forecast that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a $0.57 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s payout ratio is 25.39%.

Insider Activity 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 stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the transaction, the director owned 39,684 shares of the company’s stock, valued at $5,312,100.24. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OSK. JPMorgan Chase & Co. lowered their target price on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Citigroup downgraded shares of Oshkosh from a “buy” rating to a “neutral” rating and cut their price target for the company from $180.00 to $170.00 in a report on Monday, April 13th. Weiss Ratings raised shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Robert W. Baird decreased their price objective on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Finally, Morgan Stanley dropped their target price on 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 research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.60.

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.