Teza Capital Management LLC Makes New Investment in Oshkosh Corporation $OSK

Key Points

• Teza Capital Management LLC purchased 3,800 shares of Oshkosh Corporation, valued at approximately $358,000, signaling a new position during the first quarter.
• Several institutional investors significantly increased their stakes in Oshkosh, with AQR Capital Management LLC growing its position by 267.3% to over $126 million.
• Oshkosh reported earnings per share of $3.41 for the last quarter, surpassing analysts' expectations and guiding for 10.96 EPS for the current fiscal year.

Teza Capital Management LLC acquired a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,800 shares of the company's stock, valued at approximately $358,000.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 127 shares during the period. CX Institutional acquired a new stake in Oshkosh during the 1st quarter worth about $28,000. Golden State Wealth Management LLC boosted its position in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after acquiring an additional 186 shares during the period. Signaturefd LLC lifted its holdings in shares of Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after buying an additional 299 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock valued at $67,000 after buying an additional 370 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the sale, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the company'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 completion of the sale, the chief marketing officer owned 10,459 shares in the company, valued at $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OSK shares. Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a report on Tuesday, August 19th. JPMorgan Chase & Co. lifted their price target on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and lifted their price target for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. DA Davidson set a $160.00 price target on Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and lifted their price target for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Oshkosh has an average rating of "Moderate Buy" and an average target price of $138.08.

Oshkosh Stock Performance

NYSE OSK traded down $1.77 during trading on Friday, hitting $136.92. The company's stock had a trading volume of 631,849 shares, compared to its average volume of 522,261. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $133.62 and a 200 day moving average price of $110.38. The firm has a market cap of $8.76 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping the consensus estimate of $2.98 by $0.43. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Equities research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh's payout ratio is currently 20.48%.

About Oshkosh

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.