Graham Capital Management L.P. Buys Shares of 18,349 Oshkosh Corporation $OSK

Key Points

• Graham Capital Management L.P. has acquired a new stake in Oshkosh Corporation, purchasing 18,349 shares worth approximately $1,726,000 in the first quarter.
• Oshkosh's recent quarterly earnings report showed an earnings per share of $3.41, exceeding analysts' estimates by $0.43, despite a 4% decline in revenue year-over-year.
• The company has announced a quarterly dividend of $0.51, representing a 1.5% yield, with a payout ratio of 20.48%.

Graham Capital Management L.P. bought a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,349 shares of the company's stock, valued at approximately $1,726,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OSK. Fuller & Thaler Asset Management Inc. acquired a new stake in Oshkosh in the first quarter valued at $54,860,000. Dimensional Fund Advisors LP raised its stake in shares of Oshkosh by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock worth $251,417,000 after buying an additional 354,714 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Oshkosh by 14.7% during the 1st quarter. American Century Companies Inc. now owns 2,328,880 shares of the company's stock worth $219,101,000 after buying an additional 298,470 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Oshkosh during the 4th quarter worth $25,968,000. Finally, Nuveen LLC acquired a new position in shares of Oshkosh during the 1st quarter worth $23,542,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Insider Transactions at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction dated Monday, August 18th. The stock was 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 owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the sale, the senior vice president owned 13,716 shares of the company's stock, valued at $1,906,935.48. The trade was 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 insiders.

Wall Street Analyst Weigh In

OSK has been the subject of several research reports. Bank of America lifted their price target on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. KeyCorp lifted their price target on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Evercore ISI reissued an "outperform" rating on shares of Oshkosh in a research note on Tuesday, August 19th. Finally, Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and boosted their target price for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $138.08.

Oshkosh Trading Up 0.3%

OSK traded up $0.41 during midday trading on Friday, hitting $139.53. The company's stock had a trading volume of 653,914 shares, compared to its average volume of 491,421. 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 firm has a market cap of $8.93 billion, a P/E ratio of 14.01, a PEG ratio of 1.74 and a beta of 1.49. The firm has a 50-day moving average price of $131.93 and a two-hundred day moving average price of $109.17. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last issued 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. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same quarter in the previous year, the business earned $3.34 EPS. The company's revenue for the quarter was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued 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 dividend yield of 1.5%. Oshkosh's payout ratio is presently 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.