Oshkosh Corporation $OSK Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in shares of Oshkosh Corporation (NYSE:OSK) by 16.1% during the first quarter, Holdings Channel reports. The institutional investor owned 32,435 shares of the company’s stock after selling 6,237 shares during the quarter. Hsbc Holdings PLC’s holdings in Oshkosh were worth $4,761,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Peterson Wealth Services boosted its stake in Oshkosh by 17.8% in the first quarter. Peterson Wealth Services now owns 1,965 shares of the company’s stock valued at $289,000 after acquiring an additional 297 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Oshkosh by 22.7% during the first quarter. Kestra Advisory Services LLC now owns 1,918 shares of the company’s stock worth $282,000 after purchasing an additional 355 shares during the last quarter. Personal CFO Solutions LLC increased its position in shares of Oshkosh by 4.8% during the first quarter. Personal CFO Solutions LLC now owns 1,992 shares of the company’s stock worth $293,000 after purchasing an additional 92 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Oshkosh by 3.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,991 shares of the company’s stock worth $1,912,000 after purchasing an additional 400 shares in the last quarter. Finally, Addison Capital Co purchased a new stake in shares of Oshkosh in the 1st quarter valued at about $215,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OSK shares. JPMorgan Chase & Co. dropped their price target on Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Weiss Ratings upgraded Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $180.00 to $170.00 in a research report on Monday, April 13th. Finally, Robert W. Baird cut their target price on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

Insider Buying and Selling at Oshkosh

In other news, Director Duncan Palmer sold 505 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by corporate insiders.

Oshkosh Trading Up 2.0%

Shares of Oshkosh stock opened at $154.97 on Friday. The company has a 50-day moving average of $138.63 and a two-hundred day moving average of $148.00. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49. 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 cap of $9.66 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.19). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. Oshkosh’s quarterly revenue was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, research analysts anticipate that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders 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 yield of 1.5%. Oshkosh’s payout ratio is 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.