Oshkosh Corporation $OSK Shares Acquired by Keeley Teton Advisors LLC

Key Points

• Keeley Teton Advisors LLC increased its stake in Oshkosh Corporation by 40.8%, owning 36,950 shares worth $3.476 million as of their latest SEC filing.
• Oshkosh recently beat analysts' expectations for quarterly earnings, reporting $3.41 EPS against a consensus estimate of $2.98, alongside a revenue of $2.73 billion.
• The firm also announced a quarterly dividend of $0.51 per share, representing an annualized yield of 1.4% and a payout ratio of 20.48%.

Keeley Teton Advisors LLC lifted its holdings in Oshkosh Corporation (NYSE:OSK - Free Report) by 40.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,950 shares of the company's stock after buying an additional 10,702 shares during the quarter. Keeley Teton Advisors LLC owned 0.06% of Oshkosh worth $3,476,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after buying an additional 127 shares in the last quarter. CX Institutional purchased a new stake in shares of Oshkosh in the first quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its stake in shares of Oshkosh by 147.6% in the first 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 in the last quarter. Signaturefd LLC boosted its stake in shares of Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after buying an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in Oshkosh by 107.6% during the first quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after purchasing an additional 370 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oshkosh

In related news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the transaction, the chief marketing officer owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Anupam Khare sold 4,000 shares of the company'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 value of $556,120.00. Following the sale, the senior vice president owned 13,716 shares in the company, 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. Corporate insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

OSK has been the topic of a number of research analyst reports. KeyCorp boosted their target price on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. DA Davidson set a $160.00 target price on Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Citigroup reiterated a "buy" rating and set a $130.00 target price (up from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Finally, Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and boosted their target price for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Oshkosh currently has a consensus rating of "Moderate Buy" and an average target price of $138.08.

Oshkosh Trading Down 2.8%

Oshkosh stock traded down $3.97 during trading on Friday, hitting $139.19. The company's stock had a trading volume of 877,534 shares, compared to its average volume of 614,304. The stock's fifty day moving average is $129.21 and its 200 day moving average is $108.12. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.73 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the business earned $3.34 earnings per share. The firm's quarterly revenue 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 predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Oshkosh's dividend payout ratio is currently 20.48%.

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.