Oshkosh Corporation $OSK Shares Sold by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP has reduced its stake in Oshkosh Corporation by 37.9%, selling 3,144 shares and now holding a total of 5,159 shares worth approximately $485,000.
• Oshkosh recently announced a quarterly dividend of $0.51 per share, representing an annualized yield of 1.5%, along with an earnings per share (EPS) of $3.41 for the last quarter, exceeding analysts' expectations.
• Equities analysts have set new price targets for Oshkosh shares, with DA Davidson setting a target of $160.00 and Robert W. Baird raising their target to $188.00, while the average target price stands at $138.08.

Voleon Capital Management LP cut its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 37.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,159 shares of the company's stock after selling 3,144 shares during the period. Voleon Capital Management LP's holdings in Oshkosh were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of OSK. Parallel Advisors LLC increased its position in shares of Oshkosh by 91.4% in 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 last quarter. CX Institutional purchased a new stake in shares of Oshkosh in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC increased its position in shares of Oshkosh by 147.6% in 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 last quarter. Signaturefd LLC increased its position in shares of Oshkosh by 88.7% in 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 last quarter. Finally, Brooklyn Investment Group increased its position in shares of Oshkosh by 107.6% in 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 last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

Shares of OSK stock traded down $1.77 during mid-day trading on Friday, hitting $136.92. The stock had a trading volume of 631,849 shares, compared to its average volume of 515,068. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The firm has a market cap of $8.76 billion, a PE ratio of 13.75, a PEG ratio of 1.72 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92. The company's 50-day simple moving average is $133.62 and its 200-day simple moving average is $110.26.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping the consensus estimate of $2.98 by $0.43. The company had revenue of $2.73 billion during 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 revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Sell-side analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend payout ratio (DPR) is currently 20.48%.

Insider Transactions at Oshkosh

In other news, 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 owned 10,459 shares in the company, valued at $1,468,129.83. This trade represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were 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 of the company's stock, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% 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 reissued a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. Evercore ISI reissued an "outperform" rating on shares of Oshkosh in a research report on Tuesday, August 19th. Bank of America increased their target price on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Robert W. Baird increased their target price on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.