Sterling Capital Management LLC Trims Stock Holdings in Oshkosh Corporation $OSK

Sterling Capital Management LLC reduced its position in Oshkosh Corporation (NYSE:OSK) by 24.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,428 shares of the company’s stock after selling 18,283 shares during the quarter. Sterling Capital Management LLC’s holdings in Oshkosh were worth $8,454,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OSK. Tower View Wealth Management LLC purchased a new stake in Oshkosh in the 1st quarter valued at $29,000. Torren Management LLC purchased a new position in Oshkosh during the 4th quarter worth $30,000. V Square Quantitative Management LLC acquired a new position in Oshkosh in the fourth quarter valued at $44,000. Lodestone Wealth Management LLC acquired a new position in Oshkosh in the fourth quarter valued at $47,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at about $51,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $151.30 on Friday. Oshkosh Corporation has a 52 week low of $112.59 and a 52 week high of $180.49. The company has a 50-day moving average price of $137.90 and a 200 day moving average price of $145.65. The company has a market cap of $9.43 billion, a P/E ratio of 16.85, a PEG ratio of 0.74 and a beta of 1.26. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13.

Oshkosh (NYSE:OSK) last released its earnings results on Friday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.19). The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Research analysts predict that Oshkosh Corporation will post 11 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio is currently 25.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OSK shares. Raymond James Financial reiterated an “outperform” rating and set a $175.00 target price on shares of Oshkosh in a research note on Monday, March 2nd. Truist Financial reaffirmed a “hold” rating and set a $176.00 price objective (down from $183.00) on shares of Oshkosh in a research note on Monday, May 11th. Evercore reaffirmed an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Robert W. Baird lowered their target price on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Finally, Sanford C. Bernstein set a $138.00 target price on Oshkosh in a report on Thursday, April 9th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $165.38.

Insider Transactions at Oshkosh

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the sale, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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.