Oshkosh Corporation $OSK Stock Position Raised by Gabelli Funds LLC

Gabelli Funds LLC boosted its holdings in Oshkosh Corporation (NYSE:OSK) by 148.2% during the second quarter, HoldingsChannel.com reports. The fund owned 42,186 shares of the company’s stock after acquiring an additional 25,186 shares during the period. Gabelli Funds LLC’s holdings in Oshkosh were worth $4,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Whittier Trust Co. raised its position in shares of Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after purchasing an additional 114 shares during the period. Hantz Financial Services Inc. grew its stake in Oshkosh by 215.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock worth $46,000 after buying an additional 278 shares during the last quarter. Brooklyn Investment Group increased its position in Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock worth $67,000 after buying an additional 370 shares during the period. Farther Finance Advisors LLC lifted its stake in Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after buying an additional 106 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Oshkosh by 37.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 770 shares of the company’s stock valued at $87,000 after acquiring an additional 210 shares during the period. 92.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. UBS Group raised their price target on shares of Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wells Fargo & Company started coverage on Oshkosh in a research report on Thursday, November 13th. They set an “overweight” rating and a $144.00 price objective for the company. Zacks Research lowered Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, KeyCorp raised their target price on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Twelve 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.50.

Oshkosh Stock Performance

OSK opened at $125.99 on Wednesday. The business has a 50 day moving average price of $128.24 and a two-hundred day moving average price of $126.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.41. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.08. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.6%. Oshkosh’s payout ratio is 19.90%.

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.