HITE Hedge Asset Management LLC Has $5.82 Million Stake in Oshkosh Corporation $OSK

HITE Hedge Asset Management LLC raised its stake in shares of Oshkosh Corporation (NYSE:OSK) by 1,566.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 46,336 shares of the company’s stock after buying an additional 43,555 shares during the period. HITE Hedge Asset Management LLC’s holdings in Oshkosh were worth $5,821,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new position in Oshkosh during the 3rd quarter valued at about $29,000. Torren Management LLC acquired a new position in Oshkosh during the 4th quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new position in Oshkosh during the 4th quarter valued at about $44,000. Lodestone Wealth Management LLC acquired a new position in Oshkosh during the 4th quarter valued at about $47,000. Finally, Basepoint Wealth LLC acquired a new position in Oshkosh during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

Oshkosh stock opened at $135.10 on Friday. Oshkosh Corporation has a 52 week low of $106.37 and a 52 week high of $180.49. The company’s 50 day moving average price is $139.43 and its two-hundred day moving average price is $144.63. 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 stock has a market cap of $8.42 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.65 and a beta of 1.26.

Oshkosh (NYSE:OSK) last posted its earnings results 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 firm had revenue of $2.32 billion for 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. Oshkosh’s quarterly revenue was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, equities analysts predict that Oshkosh Corporation will post 11 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s payout ratio is 25.39%.

Analyst Upgrades and Downgrades

Several research firms have commented on OSK. Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $180.00 to $170.00 in a research report on Monday, April 13th. Raymond James Financial reissued an “outperform” rating and set a $175.00 target price on shares of Oshkosh in a research report on Monday, March 2nd. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Truist Financial reissued a “hold” rating and set a $176.00 target price (down from $183.00) on shares of Oshkosh in a research report on Monday, May 11th. Finally, Weiss Ratings raised shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and an average target price of $165.38.

Insider Activity at Oshkosh

In related news, Director Duncan Palmer sold 505 shares of Oshkosh stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the sale, the director 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Oshkosh Profile

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.