Assenagon Asset Management S.A. Sells 16,556 Shares of Oshkosh Corporation $OSK

Assenagon Asset Management S.A. reduced its stake in Oshkosh Corporation (NYSE:OSK) by 65.1% in the first quarter, Holdings Channel.com reports. The fund owned 8,889 shares of the company’s stock after selling 16,556 shares during the period. Assenagon Asset Management S.A.’s holdings in Oshkosh were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Torren Management LLC purchased a new position in Oshkosh during the 4th quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter worth about $44,000. Lodestone Wealth Management LLC bought a new position in shares of Oshkosh in the fourth quarter valued at approximately $47,000. Basepoint Wealth LLC bought a new stake in Oshkosh during the 4th quarter worth approximately $51,000. Finally, Global Retirement Partners LLC increased its holdings in Oshkosh by 284.9% during the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock worth $51,000 after acquiring an additional 302 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insider Activity at Oshkosh

In related news, Director Duncan Palmer sold 505 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the sale, the director directly owned 39,684 shares in the company, valued at $5,312,100.24. This represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on OSK. Robert W. Baird cut their price target on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Morgan Stanley dropped their price objective on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings cut Oshkosh from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, UBS Group upped their target price on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $167.67.

Oshkosh Price Performance

OSK opened at $144.96 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $9.04 billion, a P/E ratio of 16.14, a PEG ratio of 0.75 and a beta of 1.23. The stock has a 50-day moving average price of $138.07 and a 200-day moving average price of $146.19. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 earnings per share. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities analysts predict that Oshkosh Corporation will post 11.05 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were issued a $0.57 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. Oshkosh’s dividend payout ratio (DPR) is currently 25.39%.

About Oshkosh

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.