Cwm LLC Buys 8,733 Shares of Oshkosh Corporation $OSK

Key Points

• Cwm LLC increased its stake in Oshkosh Corporation by 29.1%, owning a total of 38,710 shares valued at approximately $4.4 million.
• The company reported earnings of $3.41 per share, exceeding analysts' estimates of $2.98, despite a 4.0% decline in revenue year-over-year.
• Oshkosh has declared a quarterly dividend of $0.51 per share, representing a 1.5% dividend yield with a payout ratio of 20.48%.

Cwm LLC increased its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 29.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,710 shares of the company's stock after acquiring an additional 8,733 shares during the quarter. Cwm LLC owned about 0.06% of Oshkosh worth $4,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of OSK. Farther Finance Advisors LLC boosted its stake in shares of Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company's stock valued at $67,000 after purchasing an additional 106 shares in the last quarter. Capital Insight Partners LLC boosted its stake in shares of Oshkosh by 3.9% in the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after purchasing an additional 171 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares in the last quarter. US Bancorp DE boosted its stake in shares of Oshkosh by 6.3% in the 1st quarter. US Bancorp DE now owns 3,202 shares of the company's stock valued at $301,000 after purchasing an additional 190 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Oshkosh by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 15,608 shares of the company's stock valued at $1,468,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the company'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 completion of the sale, the senior vice president directly owned 13,716 shares of the company's stock, valued at $1,906,935.48. This represents a 22.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Oshkosh Stock Performance

Oshkosh stock opened at $136.22 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $144.30. The company has a market cap of $8.72 billion, a PE ratio of 13.68, a PEG ratio of 1.69 and a beta of 1.47. The company's 50-day moving average is $135.49 and its two-hundred day moving average is $115.95.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the company posted $3.34 EPS. The company's 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. Equities analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a $0.51 dividend. 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 is 20.48%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OSK shares. Robert W. Baird upped their price target on shares of Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Citigroup upped their price target on shares of Oshkosh from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. UBS Group set a $164.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Zacks Research downgraded shares of Oshkosh from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $147.08.

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.

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