Nuveen LLC Purchases Shares of 250,235 Oshkosh Corporation $OSK

Key Points

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Nuveen LLC bought a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 250,235 shares of the company's stock, valued at approximately $23,542,000. Nuveen LLC owned 0.39% of Oshkosh as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Coppell Advisory Solutions LLC grew its holdings in shares of Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Oshkosh by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after purchasing an additional 122 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. Capital Insight Partners LLC grew its holdings in shares of Oshkosh by 3.9% during the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after purchasing an additional 171 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Evercore ISI reaffirmed an "outperform" rating on shares of Oshkosh in a report on Tuesday. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Citigroup restated a "buy" rating and issued a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Finally, Bank of America lifted their price target on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Oshkosh currently has an average rating of "Moderate Buy" and a consensus target price of $133.08.

Oshkosh Stock Performance

Shares of NYSE OSK traded down $0.50 during trading hours on Thursday, hitting $137.01. 490,002 shares of the stock were exchanged, compared to its average volume of 774,105. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. The company's 50 day moving average is $124.85 and its 200 day moving average is $106.66. The firm has a market capitalization of $8.77 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.73 and a beta of 1.43. Oshkosh Corporation has a one year low of $76.82 and a one year high of $141.98.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating the consensus estimate of $2.98 by $0.43. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh's dividend payout ratio is presently 20.48%.

Insider Transactions at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares of the company's stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.55% of the stock is owned by company insiders.

Oshkosh Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.