Panagora Asset Management Inc. Acquires 362,169 Shares of Oshkosh Corporation $OSK

Panagora Asset Management Inc. raised its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 147.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 607,003 shares of the company’s stock after purchasing an additional 362,169 shares during the period. Panagora Asset Management Inc.’s holdings in Oshkosh were worth $76,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new position in Oshkosh during the 3rd quarter valued at approximately $29,000. Torren Management LLC bought a new position in Oshkosh during the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC bought a new position in Oshkosh during the 4th quarter valued at approximately $44,000. Lodestone Wealth Management LLC bought a new position in Oshkosh during the 4th quarter valued at approximately $47,000. Finally, Basepoint Wealth LLC bought a new position in shares of Oshkosh in the 4th quarter worth approximately $51,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Up 0.0%

NYSE OSK opened at $135.10 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a twelve month low of $106.37 and a twelve month high of $180.49. The firm has a market capitalization of $8.42 billion, a PE ratio of 15.04, a P/E/G ratio of 0.66 and a beta of 1.26. The stock’s 50 day moving average is $139.43 and its 200 day moving average is $144.77.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Friday, May 8th. The company reported $0.85 earnings per share 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 net margin of 5.54% and a return on equity of 13.90%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 earnings per share. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Research analysts forecast that Oshkosh Corporation will post 11 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors 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 1.7%. Oshkosh’s dividend payout ratio is presently 25.39%.

Wall Street Analyst Weigh In

OSK has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Raymond James Financial restated an “outperform” rating and set a $175.00 price target on shares of Oshkosh in a research report on Monday, March 2nd. Wells Fargo & Company lifted their price target on Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Robert W. Baird dropped their price target on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and an average target price of $165.38.

Insider Buying and Selling at Oshkosh

In related news, Director Duncan Palmer sold 505 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the sale, the director owned 39,684 shares in the company, valued at $5,312,100.24. This represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by insiders.

Oshkosh Company 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.