Pzena Investment Management LLC Decreases Stock Holdings in Oshkosh Corporation $OSK

Pzena Investment Management LLC reduced its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 14.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 438,856 shares of the company’s stock after selling 74,765 shares during the quarter. Pzena Investment Management LLC owned approximately 0.70% of Oshkosh worth $64,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower View Wealth Management LLC bought a new stake in shares of Oshkosh during the 1st quarter worth $29,000. Torren Management LLC purchased a new stake in shares of Oshkosh during the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh in the 4th quarter worth approximately $44,000. Lodestone Wealth Management LLC bought a new stake in shares of Oshkosh in the 4th quarter worth approximately $47,000. Finally, Basepoint Wealth LLC purchased a new position in Oshkosh in the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insider Activity

In related news, Director Duncan Palmer sold 505 shares of the stock in a transaction 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 approximately $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on OSK. Robert W. Baird lowered their target price on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Citigroup lowered Oshkosh from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $180.00 to $170.00 in a report on Monday, April 13th. Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings downgraded shares of Oshkosh from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

Oshkosh Price Performance

Shares of NYSE OSK opened at $144.96 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The stock has a market cap of $9.04 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The stock has a fifty day moving average of $138.07 and a 200-day moving average of $146.19.

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

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. Oshkosh’s dividend payout ratio is presently 25.39%.

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.