Hudson Valley Investment Advisors Inc. ADV Sells 1,456 Shares of Oshkosh Corporation $OSK

Hudson Valley Investment Advisors Inc. ADV decreased its stake in shares of Oshkosh Corporation (NYSE:OSK) by 31.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,131 shares of the company’s stock after selling 1,456 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Oshkosh were worth $355,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after purchasing an additional 127 shares during the period. CX Institutional bought a new position in shares of Oshkosh during the 1st quarter worth about $28,000. Golden State Wealth Management LLC increased its holdings in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after purchasing an additional 186 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Oshkosh by 21.8% during 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 during the period. Finally, Signaturefd LLC increased its holdings in shares of Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock worth $60,000 after purchasing an additional 299 shares during the period. Institutional investors own 92.36% of the company’s stock.

Insider Activity

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the sale, the senior vice president directly owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $131.43 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.61 and a beta of 1.47. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The firm’s 50-day moving average price is $135.49 and its two-hundred day moving average price is $113.78.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.43. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh’s dividend payout ratio is currently 20.48%.

Wall Street Analyst Weigh In

OSK has been the topic of several research reports. Bank of America boosted their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday, June 6th. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $92.00 to $106.00 and gave the stock a “neutral” rating in a research report on Friday, June 6th. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Citigroup increased their price target on shares of Oshkosh from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Oshkosh in a research report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and an average target price of $140.58.

Oshkosh Company Profile

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.