2,259 Shares in Oshkosh Corporation $OSK Purchased by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC has made a new investment of $213,000 in Oshkosh Corporation, purchasing 2,259 shares of the company's stock.
• Oshkosh reported a Q2 earnings per share (EPS) of $3.41, surpassing analysts' expectations of $2.98, and generated revenue of $2.73 billion.
• The company recently declared a quarterly dividend of $0.51 per share, equating to an annualized yield of 1.4%, payable on September 2nd.

Cresset Asset Management LLC bought a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,259 shares of the company's stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Oshkosh by 9.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,625 shares of the company's stock worth $3,578,000 after purchasing an additional 3,304 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of Oshkosh by 44.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 87,049 shares of the company's stock worth $8,276,000 after purchasing an additional 26,910 shares during the period. Northern Trust Corp lifted its stake in shares of Oshkosh by 22.2% during the 4th quarter. Northern Trust Corp now owns 655,564 shares of the company's stock worth $62,324,000 after purchasing an additional 119,259 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Oshkosh during the 4th quarter worth $3,894,000. Finally, Voleon Capital Management LP purchased a new position in shares of Oshkosh during the 4th quarter worth $789,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OSK shares. Robert W. Baird increased their price target on Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen lowered Oshkosh from a "buy" rating to a "hold" rating in a research note on Saturday. UBS Group set a $164.00 price target on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. Finally, The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $138.08.

Insider Transactions at Oshkosh

In related news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction dated 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 transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Oshkosh Stock Down 2.8%

Shares of NYSE OSK traded down $3.97 during midday trading on Monday, reaching $139.19. 877,534 shares of the company's stock were exchanged, compared to its average volume of 583,569. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The stock has a market capitalization of $8.91 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The business's fifty day moving average price is $129.82 and its two-hundred day moving average price is $108.34.

Oshkosh (NYSE:OSK - Get Free Report) last announced 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 business 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 earned $3.34 earnings per share. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is 20.48%.

Oshkosh 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.