6,625 Shares in Oshkosh Corporation $OSK Bought by Future Fund LLC

Future Fund LLC acquired a new stake in Oshkosh Corporation (NYSE:OSK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,625 shares of the company’s stock, valued at approximately $752,000.

A number of other hedge funds have also recently added to or reduced their stakes in OSK. Farther Finance Advisors LLC boosted its holdings in Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after buying an additional 106 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after buying an additional 114 shares in the last quarter. US Bancorp DE boosted its position in Oshkosh by 6.3% during the first quarter. US Bancorp DE now owns 3,202 shares of the company’s stock worth $301,000 after acquiring an additional 190 shares during the last quarter. State of Michigan Retirement System grew its stake in Oshkosh by 1.3% during the 1st quarter. State of Michigan Retirement System now owns 15,608 shares of the company’s stock valued at $1,468,000 after acquiring an additional 200 shares in the last quarter. Finally, Hancock Whitney Corp raised its holdings in Oshkosh by 6.7% in the 1st quarter. Hancock Whitney Corp now owns 3,164 shares of the company’s stock valued at $298,000 after acquiring an additional 200 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the firm’s 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 owned 13,716 shares in the company, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.55% of the company’s stock.

Oshkosh Trading Down 3.5%

OSK opened at $121.29 on Monday. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30. The company has a quick ratio of 0.92, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $132.35 and a 200-day simple moving average of $121.60. The firm has a market cap of $7.67 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.57 and a beta of 1.45.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the company earned $2.93 EPS. Oshkosh’s revenue was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, equities analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. Oshkosh’s dividend payout ratio (DPR) is presently 19.90%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday. Truist Financial lowered their price objective on Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. KeyCorp raised their target price on Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, UBS Group raised their price objective on shares of Oshkosh from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.25.

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.