Swiss National Bank Reduces Holdings in Oshkosh Corporation $OSK

Swiss National Bank lessened its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,400 shares of the company's stock after selling 2,700 shares during the period. Swiss National Bank owned 0.19% of Oshkosh worth $14,011,000 at the end of the most recent reporting period.

• MarketBeat Week in Review – 9/4 - 9/8

Several other large investors have also modified their holdings of the business. Whittier Trust Co. raised its position in shares of Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company's stock worth $32,000 after purchasing an additional 114 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Oshkosh by 215.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 407 shares of the company's stock valued at $46,000 after buying an additional 278 shares during the last quarter. Brooklyn Investment Group increased its position in Oshkosh by 107.6% during the first quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after buying an additional 370 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company's stock worth $67,000 after acquiring an additional 106 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Oshkosh by 37.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 770 shares of the company's stock worth $87,000 after acquiring an additional 210 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Trading Down 0.7%

Shares of OSK stock opened at $126.85 on Friday. The firm's 50-day simple moving average is $128.61 and its 200-day simple moving average is $124.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.92. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The firm has a market cap of $8.02 billion, a P/E ratio of 12.38, a PEG ratio of 1.57 and a beta of 1.45.

• 3 Reasons Oshkosh Stock is Headed to New Heights

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

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Oshkosh's dividend payout ratio (DPR) is 19.90%.

Analyst Upgrades and Downgrades

• Oshkosh Scores Big With EV Contract

A number of research firms recently commented on OSK. Zacks Research cut Oshkosh from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Wells Fargo & Company assumed coverage on shares of Oshkosh in a report on Thursday, November 13th. They issued an "overweight" rating and a $144.00 target price on the stock. KeyCorp raised their price target on shares of Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Citigroup cut their price objective 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. Finally, UBS Group upped their price objective on shares of Oshkosh from $164.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, November 6th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $145.50.

Get Our Latest Analysis on OSK

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.

Featured Articles

• Five stocks we like better than Oshkosh
• The How And Why of Investing in Oil Stocks
• Keysight Technologies' Surge: The Market Wakes Up to This AI Play
• Dividend Payout Ratio Calculator
• Is American Express the Credit Stock For a K-Shaped Economy?
• High Flyers: 3 Natural Gas Stocks for March 2022
• Powering Up: How a Credit Upgrade Fuels Vistra’s AI Ambitions

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Oshkosh Right Now?

Before you consider Oshkosh, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oshkosh wasn't on the list.

While Oshkosh currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here