Dimensional Fund Advisors LP Acquires 354,714 Shares of Oshkosh Corporation $OSK

Key Points

• Dimensional Fund Advisors LP has increased its ownership of Oshkosh Corporation shares by 15.3%, totaling 2,672,423 shares valued at approximately $251.4 million.
• Oshkosh announced a quarterly dividend of $0.51, yielding 1.5%, with a low payout ratio of 20.48% based on its earnings.
• Analysts have a consensus rating of "Moderate Buy" for Oshkosh, with target prices ranging from $106 to $164.

Dimensional Fund Advisors LP grew its position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 15.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,672,423 shares of the company's stock after buying an additional 354,714 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.15% of Oshkosh worth $251,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Oshkosh by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company's stock worth $769,303,000 after purchasing an additional 35,382 shares during the period. LSV Asset Management grew its position in Oshkosh by 6.9% in the first quarter. LSV Asset Management now owns 1,726,606 shares of the company's stock valued at $162,439,000 after purchasing an additional 111,062 shares in the last quarter. Invesco Ltd. grew its position in Oshkosh by 1.6% in the first quarter. Invesco Ltd. now owns 1,263,926 shares of the company's stock valued at $118,910,000 after purchasing an additional 20,365 shares in the last quarter. Northern Trust Corp grew its position in Oshkosh by 22.2% in the fourth quarter. Northern Trust Corp now owns 655,564 shares of the company's stock valued at $62,324,000 after purchasing an additional 119,259 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its position in shares of Oshkosh by 48.3% in the 4th quarter. Voloridge Investment Management LLC now owns 476,419 shares of the company's stock valued at $45,293,000 after acquiring an additional 155,182 shares during the period. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Down 0.4%

Shares of OSK stock traded down $0.50 on Thursday, hitting $137.01. The stock had a trading volume of 490,002 shares, compared to its average volume of 774,105. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43. The business has a 50 day moving average of $124.85 and a 200 day moving average of $106.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $141.98.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.43. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior 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, analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.5%. Oshkosh's payout ratio is presently 20.48%.

Insider Transactions at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OSK has been the subject of a number of analyst reports. Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and lifted their price objective for the company from $93.00 to $127.00 in a research report on Tuesday, June 3rd. UBS Group set a $164.00 price objective on shares of Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Citigroup restated a "buy" rating and issued a $130.00 target price (up from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a research report on Tuesday. Finally, DA Davidson set a $160.00 price objective on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $133.08.

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.