Fox Run Management L.L.C. Has $2.68 Million Stake in Oshkosh Corporation $OSK

Key Points

• Fox Run Management L.L.C. significantly increased its stake in Oshkosh Corporation by 731.2%, now holding 28,436 shares worth approximately $2.675 million.
• Oshkosh Corporation reported a strong quarterly earnings with EPS of $3.41, surpassing estimates, despite a 4% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.51, resulting in an annualized dividend yield of 1.4%, with a dividend payout ratio of 20.48%.

Fox Run Management L.L.C. lifted its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 731.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,436 shares of the company's stock after acquiring an additional 25,015 shares during the period. Oshkosh makes up approximately 0.4% of Fox Run Management L.L.C.'s holdings, making the stock its 12th biggest holding. Fox Run Management L.L.C.'s holdings in Oshkosh were worth $2,675,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Neuberger Berman Group LLC raised its position in shares of Oshkosh by 8.2% in the 1st quarter. Neuberger Berman Group LLC now owns 4,840 shares of the company's stock valued at $455,000 after acquiring an additional 367 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Oshkosh by 243.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,606 shares of the company's stock valued at $151,000 after acquiring an additional 1,138 shares during the period. Russell Investments Group Ltd. raised its position in shares of Oshkosh by 477.4% in the 1st quarter. Russell Investments Group Ltd. now owns 60,962 shares of the company's stock valued at $5,735,000 after acquiring an additional 50,404 shares during the period. HighTower Advisors LLC raised its position in shares of Oshkosh by 10.6% in the 1st quarter. HighTower Advisors LLC now owns 118,668 shares of the company's stock valued at $11,164,000 after acquiring an additional 11,326 shares during the period. Finally, AIA Group Ltd acquired a new stake in shares of Oshkosh in the 1st quarter valued at approximately $224,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on OSK. Citigroup reiterated a "buy" rating and issued a $130.00 price target (up from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the stock a "buy" rating in a report on Tuesday, August 5th. Bank of America raised their target price on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. The Goldman Sachs Group upgraded shares of Oshkosh from a "neutral" rating to a "buy" rating and raised their target price for the stock from $124.00 to $131.00 in a report on Tuesday, July 1st. Finally, Robert W. Baird raised 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. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $133.08.

Oshkosh Price Performance

OSK stock traded down $0.8210 during midday trading on Tuesday, reaching $138.9490. The company had a trading volume of 125,784 shares, compared to its average volume of 774,804. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.72 and a beta of 1.43. The stock has a 50 day moving average price of $123.76 and a 200-day moving average price of $106.22. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $141.98. 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 (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.Oshkosh's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Equities research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is 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.