Callan Family Office LLC Makes New $898,000 Investment in Oshkosh Corporation $OSK

Key Points

• Callan Family Office LLC invested approximately $898,000 in Oshkosh Corporation by acquiring 7,911 shares in the second quarter, according to a recent SEC filing.
• Oshkosh reported a quarterly EPS of $3.41, exceeding analyst expectations, but its revenue decreased by 4.0% from the previous year.
• The stock has a current market cap of $7.95 billion and a dividend yield of 1.6%, with institutional investors holding 92.36% of the company's shares.

Callan Family Office LLC purchased a new position in Oshkosh Corporation (NYSE:OSK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,911 shares of the company's stock, valued at approximately $898,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OSK. AQR Capital Management LLC boosted its position in Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock valued at $126,224,000 after buying an additional 992,313 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Oshkosh in the 1st quarter worth approximately $54,860,000. Dimensional Fund Advisors LP increased its holdings in Oshkosh by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock worth $251,417,000 after buying an additional 354,714 shares during the period. American Century Companies Inc. increased its holdings in 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 buying an additional 298,470 shares during the period. Finally, Nuveen LLC acquired a new position in Oshkosh in the 1st quarter worth approximately $23,542,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Stock Down 6.3%

Shares of OSK stock opened at $124.21 on Monday. The stock has a 50 day moving average of $135.80 and a 200 day moving average of $115.16. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a market cap of $7.95 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.54 and a beta of 1.47. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business's revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, sell-side analysts expect that Oshkosh Corporation will post 10.96 EPS for the current 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 given a $0.51 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. Oshkosh's payout ratio is 20.48%.

Insider Buying and Selling

In other news, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were 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 owned 13,716 shares of the company's stock, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OSK. UBS Group set a $164.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. Zacks Research downgraded shares of Oshkosh from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Robert W. Baird increased their price target on shares of Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Oshkosh in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Oshkosh from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $144.25.

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.

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