Pzena Investment Management LLC Sells 74,765 Shares of Oshkosh Corporation $OSK

Pzena Investment Management LLC reduced its stake in Oshkosh Corporation (NYSE:OSK) by 14.6% during the first quarter, HoldingsChannel reports. The firm owned 438,856 shares of the company’s stock after selling 74,765 shares during the period. Pzena Investment Management LLC’s holdings in Oshkosh were worth $64,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OSK. IFP Advisors Inc increased its holdings in shares of Oshkosh by 11.7% in the 4th quarter. IFP Advisors Inc now owns 838 shares of the company’s stock worth $105,000 after buying an additional 88 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Oshkosh by 1.7% during the 4th quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock worth $680,000 after acquiring an additional 93 shares during the last quarter. HB Wealth Management LLC grew its position in Oshkosh by 4.1% in the fourth quarter. HB Wealth Management LLC now owns 2,502 shares of the company’s stock worth $314,000 after acquiring an additional 98 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Oshkosh by 6.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock valued at $200,000 after acquiring an additional 100 shares during the last quarter. Finally, New Wave Wealth Advisors LLC increased its stake in Oshkosh by 5.8% in the fourth quarter. New Wave Wealth Advisors LLC now owns 1,924 shares of the company’s stock valued at $242,000 after acquiring an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

OSK has been the subject of several research analyst reports. Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. UBS Group raised their price target on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. decreased 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. Truist Financial reissued a “hold” rating and set a $176.00 price objective (down from $183.00) on shares of Oshkosh in a research note on Monday, May 11th. Finally, Sanford C. Bernstein set a $138.00 target price on shares of Oshkosh in a report on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was 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 of the company’s stock, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Stock Performance

Shares of NYSE:OSK opened at $144.96 on Thursday. 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 company has a 50-day moving average price of $138.07 and a 200-day moving average price of $146.19. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last posted its earnings results on Friday, May 8th. The company reported $0.85 earnings per share (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 the consensus estimate of $2.29 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, equities analysts anticipate that Oshkosh Corporation will post 11.05 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is currently 25.39%.

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.