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

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

Insiders Place Their Bets

In other news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. Bank of America lifted their price objective on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd. KeyCorp lifted their price objective on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Finally, Robert W. Baird lifted their price objective on Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Oshkosh has a consensus rating of "Moderate Buy" and a consensus target price of $138.08.

Oshkosh Stock Down 1.3%

Shares of NYSE OSK traded down $1.77 during mid-day trading on Friday, hitting $136.92. 630,656 shares of the stock traded hands, compared to its average volume of 755,674. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.70 and a beta of 1.49. The stock has a fifty day moving average price of $133.37 and a 200-day moving average price of $110.03.

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

Oshkosh Announces Dividend

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

Oshkosh Company 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.