Vest Financial LLC Makes New $1.65 Million Investment in Oshkosh Corporation $OSK

Vest Financial LLC purchased a new position in Oshkosh Corporation (NYSE:OSK) in the 3rd quarter, Holdings Channel reports. The firm purchased 12,824 shares of the company’s stock, valued at approximately $1,652,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its holdings in Oshkosh by 79.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,110 shares of the company’s stock worth $1,045,000 after buying an additional 3,593 shares in the last quarter. Quadrant Capital Group LLC raised its position in Oshkosh by 3.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 6,772 shares of the company’s stock worth $870,000 after buying an additional 241 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Oshkosh by 1.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 46,643 shares of the company’s stock worth $6,009,000 after buying an additional 872 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new position in Oshkosh in the 3rd quarter worth about $445,000. Finally, Cottage Street Advisors LLC lifted its stake in Oshkosh by 25.6% during the 3rd quarter. Cottage Street Advisors LLC now owns 7,849 shares of the company’s stock valued at $1,011,000 after acquiring an additional 1,600 shares during the period. 92.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on OSK shares. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial decreased their price objective on shares of Oshkosh from $196.00 to $174.00 and set a “buy” rating for the company in a report on Monday, October 5th. Zacks Research downgraded shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $150.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Finally, Robert W. Baird lifted their target price on shares of Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.79.

Insider Activity

In related news, Director John Pfeifer sold 778 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $150.00, for a total transaction of $116,700.00. Following the completion of the sale, the director directly owned 150,669 shares in the company, valued at approximately $22,600,350. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Oshkosh Stock Down 2.0%

OSK stock opened at $131.57 on Friday. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The business’s 50-day moving average is $141.45 and its two-hundred day moving average is $142.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.00 and a beta of 1.26.

Oshkosh (NYSE:OSK) last announced its earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, analysts forecast that Oshkosh Corporation will post 10.54 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.7%. Oshkosh’s dividend payout ratio (DPR) is presently 26.09%.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.