Islay Capital Management LLC Invests $1.16 Million in Oshkosh Corporation $OSK

Islay Capital Management LLC bought a new position in Oshkosh Corporation (NYSE:OSK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,202 shares of the company’s stock, valued at approximately $1,158,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of OSK. Whittier Trust Co. raised its position in shares of Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after buying an additional 114 shares during the period. Hantz Financial Services Inc. increased its stake in Oshkosh by 215.5% during the second quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock worth $46,000 after acquiring an additional 278 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 purchasing an additional 106 shares during the period. Signaturefd LLC raised its holdings in shares of Oshkosh by 88.7% in the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock worth $60,000 after purchasing an additional 299 shares during the period. Finally, Brooklyn Investment Group lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on OSK shares. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Wednesday, October 8th. Wells Fargo & Company started coverage on shares of Oshkosh in a research report on Thursday. They issued an “overweight” rating and a $144.00 price objective for the company. Truist Financial reduced their target price on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and an average target price of $145.15.

Oshkosh Stock Performance

Oshkosh stock opened at $124.13 on Friday. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $144.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.92. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The firm’s fifty day moving average price is $131.21 and its 200 day moving average price is $122.12.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, beating 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 company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the firm earned $2.93 earnings per share. The company’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, research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Oshkosh’s dividend payout ratio is presently 19.90%.

Insider Activity at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the firm’s 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 completion of the sale, the chief marketing officer owned 10,459 shares of the company’s stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the senior vice president owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.55% of the company’s stock.

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.