Oshkosh Corporation $OSK Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its holdings in Oshkosh Corporation (NYSE:OSK) by 24.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,428 shares of the company’s stock after selling 18,283 shares during the period. Sterling Capital Management LLC owned about 0.09% of Oshkosh worth $8,454,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Tower View Wealth Management LLC purchased a new stake in Oshkosh in the first quarter valued at $29,000. Torren Management LLC acquired a new position in shares of Oshkosh in the 4th quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter worth about $44,000. Lodestone Wealth Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter worth about $47,000. Finally, Basepoint Wealth LLC acquired a new stake in Oshkosh during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the subject of several recent research reports. Sanford C. Bernstein set a $138.00 price target on Oshkosh in a research report on Thursday, April 9th. Morgan Stanley dropped their price objective on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and cut their target price for the company from $180.00 to $170.00 in a report on Monday, April 13th. Truist Financial reissued 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. Finally, Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.38.

Oshkosh Stock Up 0.2%

Shares of OSK opened at $151.30 on Friday. The firm has a market cap of $9.43 billion, a P/E ratio of 16.85, a PEG ratio of 0.74 and a beta of 1.26. Oshkosh Corporation has a 12 month low of $112.59 and a 12 month high of $180.49. The stock’s 50 day moving average is $137.90 and its two-hundred day moving average is $145.65. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13.

Oshkosh (NYSE:OSK) last announced its earnings results on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.19). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the company earned $1.92 earnings per share. The company’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. Analysts predict that Oshkosh Corporation will post 11 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is presently 25.39%.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the company’s 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 approximately $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by company insiders.

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.