Hsbc Holdings PLC Buys 17,282 Shares of Oshkosh Corporation $OSK

Hsbc Holdings PLC grew its stake in shares of Oshkosh Corporation (NYSE:OSK) by 80.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 38,672 shares of the company’s stock after acquiring an additional 17,282 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Oshkosh worth $4,870,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OSK. Torren Management LLC acquired a new position in Oshkosh in the fourth quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new stake in Oshkosh during the fourth quarter worth about $44,000. Lodestone Wealth Management LLC bought a new position in Oshkosh in the 4th quarter valued at about $47,000. Basepoint Wealth LLC acquired a new position in shares of Oshkosh in the 4th quarter valued at approximately $51,000. Finally, Global Retirement Partners LLC raised its position in shares of Oshkosh by 284.9% in the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock valued at $51,000 after buying an additional 302 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on OSK. Zacks Research upgraded shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Evercore restated an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Citigroup cut Oshkosh from a “buy” rating to a “neutral” rating and cut their target price for the stock from $180.00 to $170.00 in a research note on Monday, April 13th. Morgan Stanley reduced their target price on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Finally, Truist Financial reiterated a “hold” rating and issued a $176.00 price target (down from $183.00) on shares of Oshkosh in a research note on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.38.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of Oshkosh stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the transaction, the director owned 39,684 shares in the company, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK stock opened at $151.30 on Friday. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.74 and a beta of 1.26. 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 business’s 50-day moving average price is $137.90 and its 200-day moving average price is $145.65. Oshkosh Corporation has a 12 month low of $112.59 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last released its quarterly earnings data 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). The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities research analysts forecast that Oshkosh Corporation will post 11 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s dividend payout ratio is 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.