Assenagon Asset Management S.A. Has $1.31 Million Stock Position in Oshkosh Corporation $OSK

Assenagon Asset Management S.A. lessened its position in Oshkosh Corporation (NYSE:OSK) by 65.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,889 shares of the company’s stock after selling 16,556 shares during the period. Assenagon Asset Management S.A.’s holdings in Oshkosh were worth $1,309,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OSK shares. Truist Financial reissued a “hold” rating and issued a $176.00 price objective (down from $183.00) on shares of Oshkosh in a research note on Monday, May 11th. Morgan Stanley decreased their price target on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lowered their price target on Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.67.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was 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 of the company’s stock, valued at $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

Oshkosh Trading Down 5.6%

NYSE OSK opened at $144.96 on Thursday. 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 firm has a market capitalization of $9.04 billion, a P/E ratio of 16.14, a PEG ratio of 0.75 and a beta of 1.23. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49. The business has a fifty day simple moving average of $138.07 and a 200 day simple moving average of $146.19.

Oshkosh (NYSE:OSK) last posted its earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.19). The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.Oshkosh’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, analysts predict that Oshkosh Corporation will post 11.05 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were paid a $0.57 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. Oshkosh’s payout ratio is presently 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.