Sciencast Management LP Purchases Shares of 6,353 Oshkosh Corporation $OSK

Key Points

• Sciencast Management LP has acquired a new stake in Oshkosh Corporation, purchasing 6,353 shares valued at approximately $598,000 during the first quarter.
• Oshkosh reported strong earnings, with $3.41 earnings per share for the last quarter, exceeding analysts' expectations of $2.98.
• The company recently announced a quarterly dividend of $0.51, representing an annualized payout of $2.04 and a yield of 1.5%.

Sciencast Management LP acquired a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,353 shares of the company's stock, valued at approximately $598,000.

Other hedge funds have also recently modified their holdings of the company. Kodai Capital Management LP purchased a new stake in shares of Oshkosh in the first quarter valued at about $7,077,000. Ieq Capital LLC purchased a new stake in shares of Oshkosh in the first quarter valued at about $7,682,000. Principal Financial Group Inc. grew its holdings in shares of Oshkosh by 0.4% in the first quarter. Principal Financial Group Inc. now owns 149,716 shares of the company's stock valued at $14,085,000 after purchasing an additional 553 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Oshkosh in the first quarter valued at about $263,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Oshkosh in the first quarter valued at about $7,611,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

OSK has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup reaffirmed a "buy" rating and issued a $130.00 target price (up previously from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised shares of Oshkosh from a "neutral" rating to a "buy" rating and upped their target price for the company from $124.00 to $131.00 in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $138.08.

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares in the company, 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 corporate insiders.

Oshkosh Stock Down 1.3%

Shares of OSK traded down $1.77 during mid-day trading on Friday, hitting $136.92. 631,849 shares of the company's stock were exchanged, compared to its average volume of 522,261. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.70 and a beta of 1.49. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The stock's 50-day moving average is $133.62 and its 200-day moving average is $110.38.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh's dividend payout ratio is presently 20.48%.

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.