Oshkosh Corporation $OSK Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 80.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 38,672 shares of the company’s stock after acquiring an additional 17,282 shares during the period. Hsbc Holdings PLC’s holdings in Oshkosh were worth $4,870,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in Oshkosh by 43.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after purchasing an additional 68,165 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Oshkosh by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after buying an additional 14,122 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Oshkosh during the first quarter worth $567,000. Sivia Capital Partners LLC acquired a new stake in shares of Oshkosh during the second quarter worth $325,000. Finally, California Public Employees Retirement System grew its holdings in shares of Oshkosh by 1.3% during the second quarter. California Public Employees Retirement System now owns 111,199 shares of the company’s stock valued at $12,626,000 after buying an additional 1,404 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Robert W. Baird cut their target price on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a report on Thursday, April 9th. Citigroup downgraded shares of Oshkosh from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $180.00 to $170.00 in a report on Monday, April 13th. Finally, Truist Financial increased their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.60.

Insiders Place Their Bets

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

Oshkosh Stock Up 2.0%

Shares of OSK stock opened at $142.72 on Friday. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49. The stock has a market cap of $8.90 billion, a P/E ratio of 15.89, a P/E/G ratio of 0.68 and a beta of 1.23. The stock has a 50 day moving average of $137.12 and a 200 day moving average of $146.74. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.Oshkosh’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, sell-side analysts expect that Oshkosh Corporation will post 11.01 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is currently 25.39%.

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.