Oshkosh Corporation (OSK) to Issue Quarterly Dividend of $0.57 on June 9th

Oshkosh Corporation (NYSE:OSK) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, May 26th will be paid a dividend of 0.57 per share on Tuesday, June 9th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, May 26th.

Oshkosh has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Oshkosh has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Oshkosh to earn $13.74 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 16.6%.

Oshkosh Trading Up 1.0%

NYSE:OSK opened at $128.44 on Friday. Oshkosh has a 12 month low of $96.03 and a 12 month high of $180.49. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 0.63 and a beta of 1.33. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $143.79 and its 200-day moving average is $143.78.

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

Insider Activity

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was 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 of the company’s stock, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total value of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares of the company’s stock, valued at $2,295,463.39. This represents a 22.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.64% of the company’s stock.

Institutional Trading of Oshkosh

A number of hedge funds have recently modified their holdings of the company. Groupama Asset Managment raised its position in shares of Oshkosh by 4.2% in the 1st quarter. Groupama Asset Managment now owns 5,636 shares of the company’s stock valued at $830,000 after acquiring an additional 227 shares during the period. Bank of America Corp DE increased its stake in Oshkosh by 0.9% during the 1st quarter. Bank of America Corp DE now owns 978,610 shares of the company’s stock worth $144,061,000 after purchasing an additional 8,531 shares in the last quarter. Lodge Hill Capital LLC increased its stake in Oshkosh by 860.0% during the 1st quarter. Lodge Hill Capital LLC now owns 240,000 shares of the company’s stock worth $35,330,000 after purchasing an additional 215,000 shares in the last quarter. Bull Harbor Capital LLC bought a new stake in Oshkosh during the 1st quarter worth approximately $531,000. Finally, EverSource Wealth Advisors LLC increased its stake in Oshkosh by 10.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $327,000 after purchasing an additional 204 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.