Hudson Valley Investment Advisors Inc. ADV Sells 1,456 Shares of Oshkosh Corporation $OSK

Hudson Valley Investment Advisors Inc. ADV reduced its stake in shares of Oshkosh Corporation (NYSE:OSK) by 31.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,131 shares of the company’s stock after selling 1,456 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Oshkosh were worth $355,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. QRG Capital Management Inc. bought a new stake in shares of Oshkosh during the second quarter valued at approximately $242,000. HB Wealth Management LLC acquired a new position in Oshkosh in the second quarter valued at approximately $276,000. Paragon Capital Management Ltd acquired a new position in Oshkosh in the second quarter valued at approximately $248,000. State of Alaska Department of Revenue lifted its holdings in Oshkosh by 136.9% in the second quarter. State of Alaska Department of Revenue now owns 51,230 shares of the company’s stock valued at $5,815,000 after buying an additional 29,605 shares during the period. Finally, Register Financial Advisors LLC lifted its holdings in Oshkosh by 7.8% in the second quarter. Register Financial Advisors LLC now owns 4,309 shares of the company’s stock valued at $489,000 after buying an additional 311 shares during the period. 92.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the sale, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Oshkosh Trading Up 1.4%

Shares of NYSE OSK opened at $131.43 on Friday. The company’s fifty day moving average is $135.49 and its 200-day moving average is $113.78. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.61 and a beta of 1.47. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, August 19th. Oshkosh’s dividend payout ratio (DPR) is presently 20.48%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OSK shares. Evercore ISI restated an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. Robert W. Baird increased their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Zacks Research upgraded shares of Oshkosh from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 28th. The Goldman Sachs Group upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and increased their price objective for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. Finally, Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.58.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.