Voleon Capital Management LP Sells 3,144 Shares of Oshkosh Corporation $OSK

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 lessened its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 37.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,159 shares of the company's stock after selling 3,144 shares during the quarter. Voleon Capital Management LP's holdings in Oshkosh were worth $485,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake 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 period. Kestra Investment Management LLC bought a new stake in Oshkosh during the 1st quarter valued at approximately $104,000. Knightsbridge Asset Management LLC boosted its stake in Oshkosh by 1.0% during the 1st quarter. Knightsbridge Asset Management LLC now owns 58,288 shares of the company's stock valued at $5,484,000 after purchasing an additional 570 shares during the period. Teza Capital Management LLC bought a new stake in Oshkosh during the 1st quarter valued at approximately $358,000. Finally, Paradoxiom Capital L.P. boosted its stake in Oshkosh by 86.9% during the 1st quarter. Paradoxiom Capital L.P. now owns 39,577 shares of the company's stock valued at $3,723,000 after purchasing an additional 18,397 shares during the period. 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 the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the sale, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the business's 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 sale, the senior vice president directly owned 13,716 shares of the company's stock, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Oshkosh Price Performance

NYSE OSK traded down $0.60 during trading hours on Monday, reaching $136.43. 102,852 shares of the company's stock were exchanged, compared to its average volume of 751,799. The stock has a market cap of $8.73 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30. The firm has a fifty day moving average of $133.62 and a 200-day moving average of $110.38. 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 (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 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 analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.Oshkosh's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior 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 predict 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. Stockholders of record on Tuesday, August 19th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is 20.48%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OSK. DA Davidson set a $160.00 target price on Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Jefferies Financial Group restated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. Citigroup reaffirmed a "buy" rating and issued a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Finally, KeyCorp upped their price target on Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $138.08.

About Oshkosh

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.