Sivia Capital Partners LLC Acquires Shares of 2,865 Oshkosh Corporation $OSK

Key Points

• Sivia Capital Partners LLC invested $325,000 in Oshkosh Corporation by buying 2,865 shares in the 2nd quarter, marking a significant entry for the firm into the company.
• Oshkosh's quarterly earnings exceeded expectations, reporting earnings per share of $3.41 against an estimate of $2.98, along with a revenue of $2.73 billion, slightly above the consensus of $2.67 billion.
• The company announced a quarterly dividend of $0.51, contributing to an annualized dividend yield of 1.5% with a payout ratio of 20.48%.

Sivia Capital Partners LLC purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,865 shares of the company's stock, valued at approximately $325,000.

A number of other hedge funds have also recently made changes to their positions in the business. Parallel Advisors LLC raised its stake in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the period. CX Institutional purchased a new stake in Oshkosh during the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC grew its holdings in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after buying an additional 186 shares in the last quarter. Signaturefd LLC raised its position in shares of Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after buying an additional 299 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after buying an additional 370 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OSK. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Citigroup reiterated a "buy" rating and issued a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Robert W. Baird lifted their target price on Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, UBS Group set a $164.00 target price on Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Oshkosh has an average rating of "Moderate Buy" and an average price target of $138.08.

Oshkosh Trading Down 0.5%

Shares of NYSE:OSK traded down $0.66 during trading on Monday, reaching $132.66. The company's stock had a trading volume of 573,729 shares, compared to its average volume of 601,481. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The firm's 50 day simple moving average is $134.70 and its two-hundred day simple moving average is $111.92. The stock has a market capitalization of $8.49 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.66 and a beta of 1.49.

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 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 company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.67 billion. During the same period in the previous year, the firm posted $3.34 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $0.51 dividend. The ex-dividend date 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 (DPR) is currently 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.