Kodai Capital Management LP Invests $7.08 Million in Oshkosh Corporation $OSK

Key Points

• Kodai Capital Management LP has purchased a new stake in Oshkosh Corporation valued at approximately $7.08 million, acquiring 75,225 shares during the first quarter.
• Several investment analysts have recently upgraded their ratings for Oshkosh, with Truist Financial raising the price target from $93 to $127 and KeyCorp increasing it from $140 to $180.
• Oshkosh has declared a quarterly dividend of $0.51 per share, scheduled for payment on September 2nd, representing a 1.4% dividend yield.

Kodai Capital Management LP purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 75,225 shares of the company's stock, valued at approximately $7,077,000. Kodai Capital Management LP owned about 0.12% of Oshkosh as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Oshkosh by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company's stock valued at $769,303,000 after acquiring an additional 35,382 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 354,714 shares in the last quarter. American Century Companies Inc. raised its holdings 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 acquiring an additional 298,470 shares in the last quarter. LSV Asset Management raised its holdings in Oshkosh by 6.9% during the 1st quarter. LSV Asset Management now owns 1,726,606 shares of the company's stock valued at $162,439,000 after buying an additional 111,062 shares during the period. Finally, Invesco Ltd. raised its holdings in Oshkosh by 1.6% during the 1st quarter. Invesco Ltd. now owns 1,263,926 shares of the company's stock valued at $118,910,000 after buying an additional 20,365 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Trading Down 1.4%

NYSE OSK traded down $1.89 on Tuesday, reaching $137.48. 607,554 shares of the company were exchanged, compared to its average volume of 765,072. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The business's fifty day moving average price is $129.82 and its 200 day moving average price is $108.34. The stock has a market capitalization of $8.80 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the company posted $3.34 EPS. The company's quarterly revenue was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently disclosed 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. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, August 19th. Oshkosh's payout ratio is currently 20.48%.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the sale, the senior vice president owned 13,716 shares in the company, valued at $1,906,935.48. This represents a 22.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the company's 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 sale, 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 position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on OSK shares. Bank of America increased their target price on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. UBS Group set a $164.00 price objective on Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and raised their price objective for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. Finally, Citigroup restated a "buy" rating and issued a $130.00 price objective (up from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $138.08.

Oshkosh 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.