Bayforest Capital Ltd Makes New Investment in 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 position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,338 shares of the company's stock, valued at approximately $690,000.

A number of other large investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Oshkosh by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company's stock worth $17,705,000 after buying an additional 14,122 shares in the last quarter. Optimize Financial Inc acquired a new stake in Oshkosh during the first quarter worth about $215,000. Empowered Funds LLC grew its stake in Oshkosh by 210.7% during the first quarter. Empowered Funds LLC now owns 129,527 shares of the company's stock worth $12,186,000 after buying an additional 87,841 shares in the last quarter. United Services Automobile Association acquired a new stake in Oshkosh during the first quarter worth about $403,000. Finally, Sciencast Management LP acquired a new stake in Oshkosh during the first quarter worth about $598,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Trading Down 1.3%

Shares of OSK stock traded down $1.77 during trading hours on Friday, hitting $136.92. 631,849 shares of the company's stock traded hands, compared to its average volume of 515,068. The stock has a market cap of $8.76 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.72 and a beta of 1.49. The stock's 50 day simple moving average is $133.62 and its 200 day simple moving average is $110.31. 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 12 month low of $76.82 and a 12 month high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share 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 analysts' expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. Oshkosh's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, sell-side analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

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

Insiders Place Their Bets

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Anupam Khare sold 4,000 shares of the firm'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 transaction, the senior vice president owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their position. 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 research analysts have issued reports on the stock. Bank of America increased their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. Robert W. Baird raised their price target on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. UBS Group set a $164.00 price target on shares of Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, DA Davidson set a $160.00 price target on shares of Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $138.08.

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.