Fifth Third Wealth Advisors LLC Takes $233,000 Position in Oshkosh Corporation $OSK

Fifth Third Wealth Advisors LLC purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,055 shares of the company’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CX Institutional bought a new position in shares of Oshkosh during the first quarter valued at $28,000. Golden State Wealth Management LLC increased its holdings in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after acquiring an additional 186 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after acquiring an additional 106 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after acquiring an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Oshkosh by 107.6% during the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock valued at $67,000 after acquiring an additional 370 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Trading Up 1.9%

Shares of NYSE:OSK opened at $131.48 on Wednesday. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.60 and a beta of 1.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The stock’s 50-day simple moving average is $135.47 and its two-hundred day simple moving average is $115.51. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30.

Oshkosh (NYSE:OSK) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business’s revenue for the quarter was down 4.0% on a year-over-year basis. 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. Analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh’s dividend payout ratio (DPR) is presently 20.48%.

Insider Activity

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

Analysts Set New Price Targets

OSK has been the subject of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Wednesday, October 8th. DA Davidson set a $160.00 price objective on Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. UBS Group set a $164.00 price objective on Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. Citigroup increased their price objective on Oshkosh from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, KeyCorp increased their price objective on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $147.08.

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.