United Services Automobile Association Invests $403,000 in Oshkosh Corporation $OSK

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 position in Oshkosh Corporation (NYSE:OSK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,273 shares of the company's stock, valued at approximately $403,000.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position 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 acquired a new position in Oshkosh during the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its position 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 purchasing an additional 186 shares during the period. Signaturefd LLC boosted its position in Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after purchasing an additional 299 shares during the period. Finally, Brooklyn Investment Group boosted its position in Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock valued at $67,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares in the company, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $243,120.84. Following the transaction, 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. Insiders own 0.55% of the company's stock.

Oshkosh Price Performance

Shares of NYSE OSK traded up $0.54 during mid-day trading on Wednesday, reaching $136.51. The company had a trading volume of 80,982 shares, compared to its average volume of 749,812. 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 has a market cap of $8.74 billion, a PE ratio of 13.71, a P/E/G ratio of 1.69 and a beta of 1.49. The company has a 50-day moving average price of $134.05 and a two-hundred day moving average price of $110.79. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 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 previous year, the firm posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a $0.51 dividend. 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 payout ratio is presently 20.48%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DA Davidson set a $160.00 price objective on Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Evercore ISI reaffirmed an "outperform" rating on shares of Oshkosh in a research note on Tuesday, August 19th. UBS Group set a $164.00 target price on Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Finally, Robert W. Baird lifted their target price on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. One investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $138.08.

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.