Ruffer LLP Increases Position in Oshkosh Corporation $OSK

Key Points

• Ruffer LLP significantly increased its investment in Oshkosh Corporation, acquiring an additional 32,127 shares, representing a 1,164.4% increase in its holdings during the second quarter.
• Oshkosh Corporation has declared a quarterly dividend of $0.51, with a dividend yield of 1.6%, indicating a 20.48% payout ratio.
• Recent earnings results showed Oshkosh reporting an EPS of $3.41, exceeding analysts' expectations, and despite a 4% decline in quarterly revenue compared to last year, the company is projecting earnings guidance for FY 2025.

Ruffer LLP lifted its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 1,164.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,886 shares of the company's stock after acquiring an additional 32,127 shares during the quarter. Ruffer LLP owned 0.05% of Oshkosh worth $3,961,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Oshkosh by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company's stock worth $769,303,000 after purchasing an additional 35,382 shares in the last quarter. Dimensional Fund Advisors LP grew 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 worth $251,417,000 after purchasing an additional 354,714 shares in the last quarter. American Century Companies Inc. grew 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 worth $219,101,000 after purchasing an additional 298,470 shares in the last quarter. LSV Asset Management boosted 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 acquiring an additional 111,062 shares during the period. Finally, AQR Capital Management LLC boosted 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 acquiring an additional 992,313 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, 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 transaction, the senior vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the company's stock in a transaction 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 transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. This represents a 14.21% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $128.98 on Thursday. 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 $8.25 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.64 and a beta of 1.49. The stock's 50 day moving average price is $135.00 and its 200 day moving average price is $112.17. 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 (NYSE:OSK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $3.41 EPS 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 for the quarter, compared to analysts' expectations of $2.67 billion. During the same quarter in the previous year, the company earned $3.34 earnings per share. The firm'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. Equities research analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. Oshkosh's dividend payout ratio is currently 20.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OSK shares. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and lifted their target price for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. DA Davidson set a $160.00 target price on Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen cut Oshkosh from a "buy" rating to a "hold" rating in a report on Sunday. Bank of America lifted their price target on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. lifted 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $140.58.

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.

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