Oshkosh (NYSE:OSK) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Oshkosh Corporation (NYSE:OSK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $147.26 and traded as high as $147.88. Oshkosh shares last traded at $143.4060, with a volume of 1,119,894 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OSK. Morgan Stanley lowered their price objective on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Robert W. Baird cut their price target on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Truist Financial increased their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Citigroup downgraded Oshkosh from a “buy” rating to a “neutral” rating and lowered their target price for the company from $180.00 to $170.00 in a research report on Monday, April 13th. Finally, Sanford C. Bernstein set a $138.00 price target on Oshkosh in a research note on Thursday, April 9th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

Oshkosh Stock Performance

The stock has a market capitalization of $8.94 billion, a P/E ratio of 15.97, a PEG ratio of 0.71 and a beta of 1.23. The stock’s 50-day simple moving average is $136.49 and its 200 day simple moving average is $147.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.83.

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 analysts’ consensus estimates of $1.04 by ($0.19). The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Research analysts expect that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.

Oshkosh Announces Dividend

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

Insider Transactions at Oshkosh

In related news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the sale, the director directly owned 39,684 shares in the company, valued at $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 is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oshkosh

Several institutional investors and hedge funds have recently modified their holdings of OSK. Annex Advisory Services LLC boosted its position in shares of Oshkosh by 2.8% during the 2nd quarter. Annex Advisory Services LLC now owns 2,967 shares of the company’s stock worth $455,000 after acquiring an additional 80 shares in the last quarter. World Investment Advisors raised its holdings in Oshkosh by 4.7% during the first quarter. World Investment Advisors now owns 1,809 shares of the company’s stock worth $266,000 after purchasing an additional 82 shares in the last quarter. IFP Advisors Inc boosted 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 valued at $105,000 after buying an additional 88 shares in the last quarter. Waverly Advisors LLC grew its position in shares of Oshkosh by 0.5% in the 1st quarter. Waverly Advisors LLC now owns 18,595 shares of the company’s stock valued at $2,737,000 after buying an additional 90 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its stake in Oshkosh by 4.8% during the 1st quarter. Personal CFO Solutions LLC now owns 1,992 shares of the company’s stock worth $293,000 after acquiring an additional 92 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

About Oshkosh

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.