Key Points
- Oshkosh director Duncan Palmer sold 505 shares for about $67,599 at an average price of $133.86, trimming his stake by 1.26%. The sale was made under a pre-arranged Rule 10b5-1 plan.
- The stock fell 4.5% and was trading at $125.35, well below its 50-day moving average of $148.65. Oshkosh also has a market cap of $7.82 billion and a 52-week range of $96.03 to $180.49.
- Recent earnings missed expectations: Oshkosh reported $0.85 EPS versus the $1.04 consensus, though revenue of $2.32 billion topped estimates. The company also announced a quarterly dividend of $0.57 per share, payable June 9.
Oshkosh Corporation (NYSE:OSK - Get Free Report) Director Duncan Palmer sold 505 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the sale, the director owned 39,684 shares of the company's stock, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Oshkosh Trading Down 4.5%
OSK opened at $125.35 on Thursday. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. Oshkosh Corporation has a 52 week low of $96.03 and a 52 week high of $180.49. The business's 50 day moving average is $148.65 and its two-hundred day moving average is $144.22. 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 (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.19). The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The company's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, research analysts predict that Oshkosh Corporation will post 11.01 EPS for the current year.
Oshkosh Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.8%. Oshkosh's payout ratio is presently 25.39%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Truist Financial reissued a "hold" rating and issued a $176.00 target price (down from $183.00) on shares of Oshkosh in a report on Monday. Citigroup downgraded Oshkosh from a "buy" rating to a "neutral" rating and decreased their price target for the company from $180.00 to $170.00 in a research note on Monday, April 13th. Morgan Stanley decreased their price target on Oshkosh from $157.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Evercore restated an "outperform" rating and issued a $181.00 price target on shares of Oshkosh in a research note on Monday. Finally, Wells Fargo & Company lifted their price target on Oshkosh from $168.00 to $204.00 and gave the company an "overweight" rating in a research note on Wednesday, February 25th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $165.38.
Read Our Latest Stock Report on OSK
Institutional Trading of Oshkosh
A number of institutional investors have recently modified their holdings of OSK. Keybank National Association OH purchased a new stake in Oshkosh during the third quarter worth $422,000. Mutual Advisors LLC purchased a new stake in Oshkosh during the third quarter worth $849,000. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in Oshkosh during the fourth quarter worth $4,183,000. Peterson Wealth Services boosted its position in Oshkosh by 3,459.5% during the third quarter. Peterson Wealth Services now owns 56,952 shares of the company's stock worth $7,387,000 after purchasing an additional 55,352 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in Oshkosh during the third quarter worth $1,162,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
Oshkosh Company Profile
(
Get Free Report)
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.
Further Reading
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