Harbour Investments Inc. Sells 157 Shares of Oshkosh Corporation $OSK

Harbour Investments Inc. reduced its stake in shares of Oshkosh Corporation (NYSE:OSK) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,958 shares of the company’s stock after selling 157 shares during the quarter. Harbour Investments Inc.’s holdings in Oshkosh were worth $676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of OSK. Golden State Wealth Management LLC boosted its holdings in Oshkosh by 147.6% during the 1st 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 during the period. Signaturefd LLC lifted its position in Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company’s stock valued at $60,000 after purchasing an additional 299 shares during the last quarter. Brooklyn Investment Group boosted its stake 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 purchasing an additional 370 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after purchasing an additional 106 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Oshkosh by 94.6% in the second quarter. IFP Advisors Inc now owns 825 shares of the company’s stock worth $94,000 after buying an additional 401 shares during the period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Down 3.0%

OSK stock opened at $132.07 on Monday. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.47. The business’s 50 day moving average price is $135.44 and its two-hundred day moving average price is $116.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

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

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh’s dividend payout ratio (DPR) is 20.48%.

Insider Activity

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on OSK shares. KeyCorp increased their price target on shares of Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Robert W. Baird raised their target price on Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. The Goldman Sachs Group upgraded Oshkosh from a “neutral” rating to a “buy” rating and boosted their price target for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Finally, Zacks Research cut Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.08.

Oshkosh Company Profile

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.