Optimize Financial Inc Buys New Position in Oshkosh Corporation $OSK

Key Points

• Optimize Financial Inc has invested $215,000 in Oshkosh Corporation by purchasing 2,286 shares during the first quarter.
• Oshkosh announced a quarterly dividend of $0.51 per share, representing a 1.5% dividend yield, with a payout ratio of 20.48%.
• Oshkosh Corporation reported earnings of $3.41 per share for the last quarter, exceeding analysts' expectations of $2.98, despite a 4.0% decline in revenue compared to the previous year.

Optimize Financial Inc acquired a new position in Oshkosh Corporation (NYSE:OSK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,286 shares of the company's stock, valued at approximately $215,000.

A number of other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. CX Institutional bought a new position in shares of Oshkosh during the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC increased its position in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Signaturefd LLC increased its position in shares of Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after purchasing an additional 299 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock valued at $67,000 after purchasing an additional 370 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Trading Down 1.3%

Oshkosh stock traded down $1.77 during mid-day trading on Friday, hitting $136.92. The company's stock had a trading volume of 631,849 shares, compared to its average volume of 515,068. The company has a 50 day moving average of $133.62 and a 200-day moving average of $110.26. The stock has a market cap of $8.76 billion, a PE ratio of 13.75, a P/E/G ratio of 1.72 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the company posted $3.34 EPS. Oshkosh'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. On average, research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh's dividend payout ratio is currently 20.48%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OSK shares. Robert W. Baird boosted their target price on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Wall Street Zen downgraded Oshkosh from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Truist Financial raised 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 report on Tuesday, June 3rd. Citigroup reissued a "buy" rating and set a $130.00 target price (up previously from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and boosted their target price for the company from $124.00 to $131.00 in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $138.08.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the company'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 completion of the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the sale, the senior vice president owned 13,716 shares of the company's stock, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

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.