Paradoxiom Capital L.P. Increases Stake in Oshkosh Corporation $OSK

Key Points

• Paradoxiom Capital L.P. increased its stake in Oshkosh Corporation by 86.9%, acquiring an additional 18,397 shares, which now represents approximately 2.4% of their investment portfolio.
• Multiple institutional investors have also increased their holdings in Oshkosh, with over 92% of the stock owned by institutional investors.
• Oshkosh's latest quarterly earnings showed a profit of $3.41 per share, exceeding analyst estimates, alongside a quarterly revenue of $2.73 billion, indicating a 4% decrease year-over-year.

Paradoxiom Capital L.P. grew its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 86.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,577 shares of the company's stock after buying an additional 18,397 shares during the period. Oshkosh accounts for about 2.4% of Paradoxiom Capital L.P.'s holdings, making the stock its 20th biggest holding. Paradoxiom Capital L.P. owned 0.06% of Oshkosh worth $3,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Parallel Advisors LLC increased its holdings in Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional acquired a new stake in Oshkosh in the first quarter valued at approximately $28,000. Golden State Wealth Management LLC raised its position in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares during the period. Signaturefd LLC lifted its holdings in shares of Oshkosh by 88.7% in the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after purchasing an additional 299 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Oshkosh by 107.6% in the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. KeyCorp increased their price target on Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Zacks Research upgraded Oshkosh from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Wall Street Zen downgraded shares of Oshkosh from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and increased their price objective for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. Finally, Bank of America boosted their price objective on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $138.08.

Insider Buying and Selling at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the 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 transaction, the senior vice president directly owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were 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 of the company's stock, valued at $1,468,129.83. The trade was a 14.21% 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 insiders.

Oshkosh Trading Up 1.5%

Oshkosh stock traded up $2.05 during mid-day trading on Thursday, hitting $138.70. The company's stock had a trading volume of 522,868 shares, compared to its average volume of 756,241. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The business has a 50 day moving average price of $133.08 and a 200-day moving average price of $109.78.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share 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 period last year, the company earned $3.34 EPS. The business'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, analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current 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 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) 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.