Burney Co. Sells 9,395 Shares of Oshkosh Corporation $OSK

Burney Co. lessened its stake in Oshkosh Corporation (NYSE:OSK) by 28.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,207 shares of the company’s stock after selling 9,395 shares during the quarter. Burney Co.’s holdings in Oshkosh were worth $3,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of OSK. ProShare Advisors LLC raised its holdings in Oshkosh by 3.1% in the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after buying an additional 87 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Oshkosh by 6.0% during 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after acquiring an additional 106 shares during the last quarter. Whittier Trust Co. lifted its position in Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after acquiring an additional 114 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in Oshkosh by 1.9% in the 3rd quarter. Brighton Jones LLC now owns 6,212 shares of the company’s stock valued at $806,000 after acquiring an additional 114 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

NYSE OSK opened at $130.54 on Friday. The company has a 50-day moving average price of $127.98 and a 200-day moving average price of $128.76. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30. The company has a quick ratio of 0.99, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $8.26 billion, a P/E ratio of 12.74, a PEG ratio of 1.65 and a beta of 1.41.

Oshkosh (NYSE:OSK) last announced its 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. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The company 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 business posted $2.93 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Equities research analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

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

Analysts Set New Price Targets

OSK has been the subject of a number of research analyst reports. Argus reduced their target price on Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. Morgan Stanley boosted their target price on Oshkosh from $136.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Finally, UBS Group lifted their price target on shares of Oshkosh from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.56.

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.