Optimize Financial Inc Makes New $215,000 Investment 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 shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,286 shares of the company's stock, valued at approximately $215,000.

Several other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock worth $126,224,000 after buying an additional 992,313 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Oshkosh in the first quarter worth $54,860,000. Dimensional Fund Advisors LP increased its position in Oshkosh by 15.3% in the first 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 period. American Century Companies Inc. increased its position in Oshkosh by 14.7% in the first 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 period. Finally, Point72 Asset Management L.P. acquired a new stake in Oshkosh in the fourth quarter worth $25,968,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Stock Performance

OSK traded down $0.32 on Monday, hitting $136.71. The company had a trading volume of 137,900 shares, compared to its average volume of 752,099. The company's fifty day moving average price is $133.62 and its 200 day moving average price is $110.38. 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 current ratio of 1.84 and a quick ratio of 0.92. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping 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 firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the company 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. Equities analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on OSK shares. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and increased their target price for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. JPMorgan Chase & Co. raised their price target on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Wall Street Zen raised Oshkosh from a "hold" rating to a "buy" rating in a report on Saturday. DA Davidson set a $160.00 price target on Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, KeyCorp raised their price target on Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $138.08.

Insider Activity at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction that occurred 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 transaction, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction that occurred 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 transaction, the senior vice president directly owned 13,716 shares in the company, valued at approximately $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. Insiders own 0.55% of the company's stock.

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.