Friedenthal Financial Takes $1.04 Million Position in Oshkosh Corporation $OSK

Friedenthal Financial purchased a new position in Oshkosh Corporation (NYSE:OSK) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 8,013 shares of the company’s stock, valued at approximately $1,039,000.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Oshkosh by 51.6% in the third quarter. Farther Finance Advisors LLC now owns 899 shares of the company’s stock worth $117,000 after purchasing an additional 306 shares during the period. Brighton Jones LLC grew its holdings in shares of Oshkosh by 1.9% in the third quarter. Brighton Jones LLC now owns 6,212 shares of the company’s stock worth $806,000 after purchasing an additional 114 shares during the last quarter. Trust Point Inc. increased its stake in Oshkosh by 11.6% in the 3rd quarter. Trust Point Inc. now owns 2,613 shares of the company’s stock worth $339,000 after buying an additional 272 shares during the period. CGN Advisors LLC bought a new stake in Oshkosh during the 3rd quarter valued at about $234,000. Finally, Voya Investment Management LLC boosted its position in Oshkosh by 171.3% in the 3rd quarter. Voya Investment Management LLC now owns 25,200 shares of the company’s stock valued at $3,268,000 after buying an additional 15,913 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Down 0.1%

Shares of NYSE OSK opened at $130.94 on Wednesday. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $144.30. The stock’s fifty day simple moving average is $128.24 and its two-hundred day simple moving average is $128.48. The stock has a market capitalization of $8.28 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.41. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the company posted $2.93 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, November 17th. Oshkosh’s dividend payout ratio (DPR) is currently 19.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on OSK shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Wall Street Zen raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday. Truist Financial decreased their target price on Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Sanford C. Bernstein upped their target price on Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Citigroup cut their price target on Oshkosh from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.56.

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.