Oshkosh Corporation $OSK Shares Acquired 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 the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OSK. Captrust Financial Advisors boosted its holdings in shares of Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after acquiring an additional 122 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at about $714,000. LRI Investments LLC boosted its holdings in shares of Oshkosh by 40.1% in the fourth quarter. LRI Investments LLC now owns 1,750 shares of the company's stock valued at $166,000 after acquiring an additional 501 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Oshkosh by 5.6% in the fourth quarter. Nuveen Asset Management LLC now owns 238,482 shares of the company's stock valued at $22,672,000 after acquiring an additional 12,695 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at about $242,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Price Performance

OSK traded down $1.77 during midday trading on Friday, reaching $136.92. 631,849 shares of the company's stock were exchanged, compared to its average volume of 515,068. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. The stock has a market capitalization of $8.76 billion, a PE ratio of 13.75, a P/E/G ratio of 1.72 and a beta of 1.49. The business's 50-day moving average price is $133.62 and its 200 day moving average price is $110.26. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30.

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. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on OSK. Zacks Research raised shares of Oshkosh from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $93.00 to $127.00 in a report on Tuesday, June 3rd. Robert W. Baird boosted their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. KeyCorp boosted their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen downgraded shares of Oshkosh from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $138.08.

Insider Transactions at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction dated 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 transaction, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $556,120.00. Following the completion of the transaction, the senior vice president directly owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

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.