Verity Asset Management Inc. Takes $389,000 Position in Oshkosh Corporation $OSK

Verity Asset Management Inc. acquired a new stake in Oshkosh Corporation (NYSE:OSK) in the second quarter, HoldingsChannel.com reports. The fund acquired 3,422 shares of the company’s stock, valued at approximately $389,000.

A number of other hedge funds also recently made changes to their positions in OSK. Whittier Trust Co. lifted its position in shares of Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 114 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Oshkosh by 215.5% in the second 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. Signaturefd LLC lifted its position in shares of Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after buying an additional 299 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after buying an additional 370 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after buying an additional 106 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the transaction, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the business’s 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 transaction, the chief marketing officer owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. KeyCorp boosted their price objective on Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Wednesday, October 8th. DA Davidson set a $160.00 price objective on Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th. Citigroup reduced their price objective on Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.17.

Oshkosh Trading Up 0.1%

Shares of OSK stock opened at $123.38 on Monday. The company has a current ratio of 1.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The stock has a market cap of $7.80 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.47. The stock has a 50 day simple moving average of $134.29 and a 200 day simple moving average of $120.23. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $144.30.

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

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, November 17th. Oshkosh’s payout ratio is 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.