Towle & Co. Reduces Position in Oshkosh Corporation $OSK

Towle & Co. trimmed its position in Oshkosh Corporation (NYSE:OSK) by 38.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,676 shares of the company’s stock after selling 27,942 shares during the period. Oshkosh accounts for approximately 2.6% of Towle & Co.’s investment portfolio, making the stock its 16th biggest holding. Towle & Co.’s holdings in Oshkosh were worth $6,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OSK. Bowen Hanes & Co. Inc. acquired a new stake in Oshkosh during the 1st quarter worth about $40,833,000. Gibbs Wealth Management boosted its holdings in shares of Oshkosh by 46.8% in the 1st quarter. Gibbs Wealth Management now owns 2,188 shares of the company’s stock valued at $322,000 after acquiring an additional 698 shares during the last quarter. Sei Investments Co. grew its position in Oshkosh by 2.8% during the 1st quarter. Sei Investments Co. now owns 404,156 shares of the company’s stock worth $59,495,000 after purchasing an additional 11,182 shares during the period. Southernsun Asset Management LLC raised its stake in shares of Oshkosh by 53.7% during the 1st quarter. Southernsun Asset Management LLC now owns 30,980 shares of the company’s stock valued at $4,561,000 after buying an additional 10,824 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Oshkosh by 6.3% during the 1st quarter. First Trust Advisors LP now owns 1,290,424 shares of the company’s stock valued at $189,963,000 after buying an additional 76,620 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $152.08 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49. The business has a 50-day moving average price of $137.93 and a 200 day moving average price of $147.95. The firm has a market cap of $9.48 billion, a PE ratio of 16.94, a P/E/G ratio of 0.74 and a beta of 1.23.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the company posted $1.92 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Sell-side analysts predict that Oshkosh Corporation will post 10.87 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

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

Analyst Ratings Changes

OSK has been the topic of a number of recent research reports. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Evercore reiterated an “outperform” rating and set a $181.00 price target on shares of Oshkosh in a research report on Monday, May 11th. Truist Financial boosted their price target on Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Robert W. Baird lowered their price objective on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Finally, Sanford C. Bernstein set a $138.00 target price on shares of Oshkosh in a report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.60.

Insider Activity

In other 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 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 filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by company insiders.

About Oshkosh

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.