Oshkosh Corporation $OSK Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in Oshkosh Corporation by 210.7% in Q1, owning approximately $12.19 million worth of the stock.
• Multiple institutional investors have significantly boosted their holdings in Oshkosh, with 92.36% of the stock now owned by institutional investors.
• Oshkosh's recent earnings report showed a profit of $3.41 EPS, exceeding analyst estimates, despite a 4% decline in year-over-year revenue.

Empowered Funds LLC increased its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 210.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,527 shares of the company's stock after buying an additional 87,841 shares during the quarter. Empowered Funds LLC owned about 0.20% of Oshkosh worth $12,186,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Captrust Financial Advisors grew its position in Oshkosh by 3.9% during the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock worth $310,000 after purchasing an additional 122 shares during the period. Parallel Advisors LLC raised its stake in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after buying an additional 127 shares during the last quarter. Capital Insight Partners LLC raised its stake in shares of Oshkosh by 3.9% during the 1st quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after buying an additional 171 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after buying an additional 186 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Oshkosh by 6.3% during the 1st quarter. US Bancorp DE now owns 3,202 shares of the company's stock valued at $301,000 after buying an additional 190 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Oshkosh from a "hold" rating to a "buy" rating in a research note on Saturday. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. Zacks Research upgraded Oshkosh from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. DA Davidson set a $160.00 price objective on Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Citigroup restated a "buy" rating and issued a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh has an average rating of "Moderate Buy" and an average price target of $138.08.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the business'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 completion of the sale, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% 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 insiders.

Oshkosh Price Performance

NYSE:OSK traded down $0.03 during trading hours on Monday, hitting $137.00. 132,590 shares of the stock were exchanged, compared to its average volume of 751,996. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The firm's fifty day moving average price is $133.62 and its 200 day moving average price is $110.38. 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 company has a market cap of $8.77 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.70 and a beta of 1.49.

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, topping the consensus estimate of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business earned $3.34 EPS. Oshkosh's quarterly revenue was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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

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.