Bayforest Capital Ltd Acquires Shares of 7,338 Oshkosh Corporation $OSK

Key Points

• Bayforest Capital Ltd invested approximately $690,000 in Oshkosh Corporation by acquiring 7,338 shares in the first quarter, reflecting growing interest from institutional investors.
• Oshkosh Corporation recently reported quarterly earnings of $3.41 EPS, exceeding analysts' expectations and providing FY 2025 guidance of 11.000-11.000 EPS.
• The company announced a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 1.5%, indicating a steady return for shareholders.

Bayforest Capital Ltd acquired a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,338 shares of the company's stock, valued at approximately $690,000.

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

Insider Transactions at Oshkosh

In related news, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer owned 10,459 shares of the company's stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on OSK shares. Wall Street Zen cut Oshkosh from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and raised their price target for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. Robert W. Baird raised their price target on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and raised their price target for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Finally, UBS Group set a $164.00 price objective on Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Oshkosh has an average rating of "Moderate Buy" and an average target price of $138.08.

Oshkosh Stock Performance

Shares of OSK stock traded down $1.77 during mid-day trading on Friday, hitting $136.92. 631,849 shares of the stock were exchanged, compared to its average volume of 755,674. The stock's fifty day simple moving average is $133.37 and its two-hundred day simple moving average is $110.03. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.70 and a beta of 1.49. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $144.30. 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 (NYSE:OSK - Get Free Report) last released its quarterly 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the company posted $3.34 earnings per share. The business'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. On average, analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. 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.