Prudential Financial Inc. Trims Position in Oshkosh Corporation $OSK

Prudential Financial Inc. trimmed its position in shares of Oshkosh Corporation (NYSE:OSK) by 58.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,196 shares of the company’s stock after selling 116,012 shares during the period. Prudential Financial Inc. owned 0.13% of Oshkosh worth $9,333,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OSK. Whittier Trust Co. increased its stake in Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after buying an additional 114 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Oshkosh by 215.5% during the second quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock worth $46,000 after purchasing an additional 278 shares in the last quarter. Brooklyn Investment Group raised its stake in Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after purchasing an additional 370 shares during the period. Farther Finance Advisors LLC lifted its holdings in Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after purchasing an additional 106 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Oshkosh by 37.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 770 shares of the company’s stock worth $87,000 after purchasing an additional 210 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OSK shares. Truist Financial cut their price objective on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Citigroup dropped their target price on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Robert W. Baird lifted their price target on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Wells Fargo & Company began coverage on shares of Oshkosh in a research note on Thursday, November 13th. They issued an “overweight” rating and a $144.00 price target on the stock. Finally, Evercore ISI restated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.50.

Oshkosh Stock Performance

Oshkosh stock opened at $128.18 on Friday. The company’s 50-day moving average price is $128.52 and its 200-day moving average price is $124.78. The company has a quick ratio of 0.92, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The company has a market cap of $8.11 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.08. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the firm earned $2.93 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, equities research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. Oshkosh’s payout ratio is currently 19.90%.

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.