Oshkosh Corporation $OSK Holdings Trimmed by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. lessened its holdings in Oshkosh Corporation (NYSE:OSK) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 12,512 shares of the company’s stock after selling 522 shares during the quarter. Klein Pavlis & Peasley Financial Inc.’s holdings in Oshkosh were worth $1,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Parallel Advisors LLC boosted its position in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after acquiring an additional 127 shares during the period. CX Institutional purchased a new stake in shares of Oshkosh in the first quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its holdings in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after purchasing an additional 186 shares during the period. Signaturefd LLC grew its position in Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after purchasing an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in Oshkosh by 107.6% during the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 2.0%

Shares of Oshkosh stock opened at $130.06 on Monday. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $144.30. 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 50 day moving average price of $135.19 and a two-hundred day moving average price of $112.85. The stock has a market capitalization of $8.32 billion, a P/E ratio of 13.06, a PEG ratio of 1.62 and a beta of 1.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. Oshkosh’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Equities analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh’s payout ratio is currently 20.48%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on OSK shares. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. JPMorgan Chase & Co. increased their price objective on Oshkosh from $92.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, June 6th. Truist Financial raised Oshkosh from a “hold” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $127.00 in a research report on Tuesday, June 3rd. Jefferies Financial Group restated a “hold” rating on shares of Oshkosh in a research note on Friday, June 6th. Finally, UBS Group set a $164.00 price target on Oshkosh and gave the stock a “buy” rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.58.

Insider Activity at Oshkosh

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

About Oshkosh

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.