Mathes Company Inc. Makes New $3.66 Million Investment in Oshkosh Corporation $OSK

Mathes Company Inc. bought a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the first quarter, HoldingsChannel reports. The institutional investor bought 24,885 shares of the company’s stock, valued at approximately $3,663,000. Oshkosh accounts for 1.3% of Mathes Company Inc.’s portfolio, making the stock its 24th biggest position.

Several other hedge funds also recently modified their holdings of the business. Tower View Wealth Management LLC bought a new stake in shares of Oshkosh during the first quarter worth approximately $29,000. Torren Management LLC acquired a new stake in Oshkosh during the 4th quarter worth $30,000. V Square Quantitative Management LLC acquired a new stake in Oshkosh during the 4th quarter worth $44,000. Lodestone Wealth Management LLC acquired a new stake in Oshkosh during the 4th quarter worth $47,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Oshkosh during the 4th quarter valued at $51,000. Institutional investors own 92.36% of the company’s stock.

Insider Activity

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

Oshkosh Trading Down 1.3%

Shares of NYSE OSK opened at $141.80 on Tuesday. 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 $8.84 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 0.71 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $136.63 and its 200-day moving average is $147.50.

Oshkosh (NYSE:OSK) last released 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 during 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%. Oshkosh’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter 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 predict that Oshkosh Corporation will post 10.87 EPS for the current year.

Oshkosh Dividend Announcement

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

Wall Street Analysts Forecast Growth

OSK has been the topic of a number of analyst reports. Morgan Stanley cut 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. Truist Financial lifted their price objective on Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Citigroup downgraded 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. Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Sanford C. Bernstein set a $138.00 target price on Oshkosh in a research report on Thursday, April 9th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.60.

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.