NFJ Investment Group LLC Increases Stock Position in Oshkosh Corporation $OSK

Key Points

• NFJ Investment Group LLC increased its stake in Oshkosh Corporation by 21% during Q1, owning 75,947 shares valued at approximately $7.15 million.
• In recent insider transactions, CMO Bryan K. Brandt and SVP Anupam Khare both sold significant shares of the company, representing declines in their ownership of 14.21% and 22.58%, respectively.
• Analysts have differing views on the stock, with Goldman Sachs upgrading its rating and price target, while Wall Street Zen downgraded it from "buy" to "hold", highlighting a mixed outlook.

NFJ Investment Group LLC increased its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,947 shares of the company's stock after acquiring an additional 13,160 shares during the period. NFJ Investment Group LLC owned approximately 0.12% of Oshkosh worth $7,145,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Oshkosh by 0.4% in the first 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock valued at $251,417,000 after buying an additional 354,714 shares in the last quarter. American Century Companies Inc. raised its stake in Oshkosh by 14.7% in the first quarter. American Century Companies Inc. now owns 2,328,880 shares of the company's stock valued at $219,101,000 after buying an additional 298,470 shares in the last quarter. LSV Asset Management raised its stake in Oshkosh by 6.9% in the first 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 in the last quarter. Finally, AQR Capital Management LLC raised its stake in Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock valued at $126,224,000 after buying an additional 992,313 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of 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 ownership of the stock. The transaction 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 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 sale, the chief marketing officer owned 10,459 shares of the company's stock, valued at $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 owned by corporate insiders.

Analysts Set New Price Targets

OSK has been the subject of a number of research analyst reports. Wall Street Zen downgraded Oshkosh from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and upped their price target for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. JPMorgan Chase & Co. upped 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. Citigroup reaffirmed a "buy" rating and issued a $130.00 price target (up from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Finally, Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $138.08.

Oshkosh Stock Performance

Shares of NYSE OSK traded up $0.41 during midday trading on Friday, reaching $139.53. 653,914 shares of the company were exchanged, compared to its average volume of 500,442. 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 Corporation has a 1 year low of $76.82 and a 1 year high of $144.30. The stock has a fifty day simple moving average of $131.93 and a 200 day simple moving average of $109.16. The stock 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.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the company posted $3.34 earnings per share. The business's 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 forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.51 per share. 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 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.