Wedge Capital Management L L P NC Sells 11,477 Shares of Oshkosh Corporation $OSK

Wedge Capital Management L L P NC lowered its stake in Oshkosh Corporation (NYSE:OSK) by 11.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,439 shares of the company’s stock after selling 11,477 shares during the period. Wedge Capital Management L L P NC owned approximately 0.14% of Oshkosh worth $11,211,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC grew its stake in shares of Oshkosh by 267.3% during the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after buying an additional 992,313 shares during the last quarter. Norges Bank acquired a new stake in Oshkosh in the second quarter valued at $98,570,000. American Century Companies Inc. increased its stake in shares of Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after buying an additional 529,907 shares during the period. Pzena Investment Management LLC acquired a new stake in Oshkosh during the 2nd quarter valued at approximately $59,709,000. Finally, Amundi raised its holdings in Oshkosh by 616.7% during the 2nd quarter. Amundi now owns 224,765 shares of the company’s stock worth $27,529,000 after purchasing an additional 193,406 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Up 1.5%

Shares of NYSE:OSK opened at $130.38 on Monday. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30. The firm has a fifty day moving average price of $128.21 and a two-hundred day moving average price of $128.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.65 and a beta of 1.41.

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 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 return on equity of 16.60% and a net margin of 6.43%.The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on OSK. Truist Financial decreased their price target on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a report on Thursday. Wells Fargo & Company began coverage on shares of Oshkosh in a report on Thursday, November 13th. They issued an “overweight” rating and a $144.00 target price for the company. UBS Group upped their price objective on shares of Oshkosh from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley increased their target price on shares of Oshkosh from $136.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.56.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.