6,353 Shares in Oshkosh Corporation $OSK Purchased by Sciencast Management LP

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 bought a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,353 shares of the company's stock, valued at approximately $598,000.

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

Oshkosh Stock Down 1.3%

Oshkosh stock traded down $1.77 during mid-day trading on Friday, hitting $136.92. The company had a trading volume of 631,849 shares, compared to its average volume of 755,674. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average price is $133.37 and its two-hundred day moving average price is $110.03. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The company has a market capitalization of $8.76 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The company's quarterly revenue was down 4.0% on a year-over-year basis. During the same period 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. As a group, sell-side analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.5%. Oshkosh's dividend payout ratio is currently 20.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Evercore ISI reaffirmed an "outperform" rating on shares of Oshkosh in a research note on Tuesday, August 19th. Bank of America upped their price target on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and upped their price target for the stock from $124.00 to $131.00 in a research note on Tuesday, July 1st. UBS Group set a $164.00 price target on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. 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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.08.

Insider Transactions at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction dated 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 approximately $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 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.