First Financial Bank Trust Division Invests $232,000 in Oshkosh Corporation $OSK

Key Points

• First Financial Bank Trust Division has invested approximately $232,000 in Oshkosh Corporation, acquiring 2,039 shares during the second quarter.
• Oshkosh reported a quarterly EPS of $3.41, surpassing estimates, and has set FY 2025 guidance at $11.000 EPS.
• The company recently declared a quarterly dividend of $0.51 per share, representing a 1.5% dividend yield.

First Financial Bank Trust Division acquired a new position in Oshkosh Corporation (NYSE:OSK - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,039 shares of the company's stock, valued at approximately $232,000.

Several other large investors have also recently bought and sold shares of OSK. Vanguard Group Inc. grew its stake in shares of Oshkosh by 0.4% in the 1st 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 last quarter. Dimensional Fund Advisors LP lifted its stake in Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock valued at $251,417,000 after acquiring an additional 354,714 shares during the last quarter. American Century Companies Inc. lifted its stake in Oshkosh by 14.7% in the first quarter. American Century Companies Inc. now owns 2,328,880 shares of the company's stock valued at $219,101,000 after acquiring an additional 298,470 shares during the last quarter. LSV Asset Management lifted its stake 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 acquiring an additional 111,062 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock worth $126,224,000 after buying an additional 992,313 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Price Performance

Shares of OSK opened at $136.92 on Friday. The stock has a market capitalization of $8.76 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.72 and a beta of 1.49. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The company has a 50 day moving average of $133.62 and a 200-day moving average of $110.31. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating 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 the consensus estimate of $2.67 billion. During the same quarter in the prior year, the firm posted $3.34 EPS. The firm'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. As a group, equities research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $0.51 dividend. The ex-dividend date 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 (DPR) is presently 20.48%.

Wall Street Analyst Weigh In

OSK has been the topic of a number of research reports. Zacks Research raised shares of Oshkosh from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Bank of America boosted their price target on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. Robert W. Baird upped their target price on shares of Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a report on Saturday. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $138.08.

Insiders Place Their Bets

In related news, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction 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 trade represents a 14.21% decrease in their ownership of the stock. The sale 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 shares were 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 in the company, 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. 0.55% of the stock is currently owned by company insiders.

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.

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