Baird Financial Group Inc. Acquires 19,227 Shares of Oshkosh Corporation $OSK

Key Points

• Baird Financial Group Inc. has increased its stake in Oshkosh Corporation by 52.1% to a total of 56,118 shares worth approximately $5.28 million.
• Oshkosh reported earnings of $3.41 per share for the last quarter, surpassing analyst estimates of $2.98, while its revenue reached $2.73 billion.
• The company announced a quarterly dividend of $0.51 per share, resulting in an annualized dividend of $2.04 and a yield of 1.5%.

Baird Financial Group Inc. boosted its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 52.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,118 shares of the company's stock after purchasing an additional 19,227 shares during the period. Baird Financial Group Inc. owned about 0.09% of Oshkosh worth $5,280,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OSK. Fuller & Thaler Asset Management Inc. bought a new stake in Oshkosh in the first quarter valued at approximately $54,860,000. Dimensional Fund Advisors LP raised its holdings in Oshkosh by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock worth $251,417,000 after purchasing an additional 354,714 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Oshkosh by 14.7% in the 1st quarter. American Century Companies Inc. now owns 2,328,880 shares of the company's stock worth $219,101,000 after purchasing an additional 298,470 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Oshkosh in the 4th quarter valued at $25,968,000. Finally, Nuveen LLC acquired a new stake in shares of Oshkosh during the first quarter worth $23,542,000. 92.36% of the stock is owned by institutional investors.

Insider Activity

In related news, CMO Bryan K. Brandt sold 1,732 shares of the company's stock in a transaction dated 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 in the company, valued at $1,468,129.83. This represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares of the company's stock, valued at $1,906,935.48. This trade represents a 22.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OSK. Robert W. Baird boosted their target price on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a report on Monday, August 4th. 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. Bank of America upped their target price on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. UBS Group set a $164.00 target price on Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.08.

Oshkosh Stock Up 0.3%

NYSE:OSK traded up $0.41 on Friday, hitting $139.53. The stock had a trading volume of 653,914 shares, compared to its average volume of 491,421. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30. The business's fifty day moving average is $131.93 and its 200 day moving average is $109.17. The company has a market cap of $8.93 billion, a PE ratio of 14.01, a P/E/G ratio of 1.74 and a beta of 1.49.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $2.67 billion. During the same period last year, the business earned $3.34 EPS. Oshkosh's quarterly revenue was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities research analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

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