QRG Capital Management Inc. Makes New Investment in Oshkosh Corporation $OSK

Key Points

• QRG Capital Management Inc. has acquired 2,135 shares of Oshkosh Corporation, investing approximately $242,000 during the second quarter.
• Several institutional investors, including the State of Alaska Department of Revenue and Ruffer LLP, have significantly increased their stakes in Oshkosh, indicating strong institutional interest.
• Analysts rate Oshkosh stock as a Moderate Buy, with price targets ranging from $124.00 to $164.00, reflecting positive market sentiment.

QRG Capital Management Inc. purchased a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,135 shares of the company's stock, valued at approximately $242,000.

A number of other large investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new position in Oshkosh during the second quarter worth $276,000. Paragon Capital Management Ltd acquired a new position in Oshkosh during the second quarter worth $248,000. State of Alaska Department of Revenue lifted its stake in Oshkosh by 136.9% during the second quarter. State of Alaska Department of Revenue now owns 51,230 shares of the company's stock worth $5,815,000 after purchasing an additional 29,605 shares in the last quarter. Register Financial Advisors LLC lifted its stake in Oshkosh by 7.8% during the second quarter. Register Financial Advisors LLC now owns 4,309 shares of the company's stock worth $489,000 after purchasing an additional 311 shares in the last quarter. Finally, Ruffer LLP lifted its stake in Oshkosh by 1,164.4% during the second quarter. Ruffer LLP now owns 34,886 shares of the company's stock worth $3,961,000 after purchasing an additional 32,127 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup upped their price target on Oshkosh from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. UBS Group set a $164.00 price objective on Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Evercore ISI reaffirmed an "outperform" rating on shares of Oshkosh in a research report on Tuesday, August 19th. Wall Street Zen lowered Oshkosh from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Finally, The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Oshkosh presently has an average rating of "Moderate Buy" and an average target price of $144.25.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the firm'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 transaction, the senior vice president owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm'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 transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Oshkosh Stock Performance

NYSE:OSK opened at $124.21 on Monday. The firm has a market capitalization of $7.95 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. The business's fifty day moving average price is $135.80 and its 200 day moving average price is $115.16. 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.

Oshkosh (NYSE:OSK - Get Free Report) last posted its 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. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.Oshkosh's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, sell-side analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm 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 1.6%. The ex-dividend date of this dividend 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.

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