4,273 Shares in Oshkosh Corporation $OSK Bought by United Services Automobile Association

Key Points

• United Services Automobile Association invested approximately $403,000 in Oshkosh Corporation by purchasing 4,273 shares in the first quarter.
• Oshkosh's recent earnings report showed an EPS of $3.41, surpassing estimates, with revenue of $2.73 billion despite a 4% decline compared to the previous year.
• The company announced a quarterly dividend of $0.51, representing an annualized yield of 1.5%, and has a payout ratio of 20.48%.

United Services Automobile Association bought a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,273 shares of the company's stock, valued at approximately $403,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sciencast Management LP purchased a new position in shares of Oshkosh during the 1st quarter worth $598,000. Goldman Sachs Group Inc. grew its holdings in Oshkosh by 43.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company's stock valued at $21,180,000 after purchasing an additional 68,165 shares during the last quarter. Kestra Investment Management LLC bought a new position in Oshkosh during the 1st quarter valued at about $104,000. Knightsbridge Asset Management LLC boosted its position in Oshkosh by 1.0% in the 1st quarter. Knightsbridge Asset Management LLC now owns 58,288 shares of the company's stock valued at $5,484,000 after buying an additional 570 shares during the period. Finally, Teza Capital Management LLC purchased a new stake in shares of Oshkosh in the 1st quarter worth approximately $358,000. Institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on OSK shares. UBS Group set a $164.00 price objective on shares of Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. KeyCorp lifted their price target on shares of Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Robert W. Baird lifted their price target on shares of Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Citigroup restated a "buy" rating and set a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $138.08.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,000 shares of Oshkosh 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 owned 13,716 shares in the company, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction that occurred 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 sale, the chief marketing officer 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. Company insiders own 0.55% of the company's stock.

Oshkosh Price Performance

Shares of Oshkosh stock traded down $0.87 on Monday, hitting $136.15. The company's stock had a trading volume of 514,454 shares, compared to its average volume of 754,302. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The company has a market capitalization of $8.71 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49. The firm has a fifty day moving average price of $133.62 and a 200-day moving average price of $110.38. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK - Get Free Report) last released 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 company 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 firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh's 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.