Voya Investment Management LLC Boosts Stock Position in Oshkosh Corporation $OSK

Voya Investment Management LLC boosted its holdings in Oshkosh Corporation (NYSE:OSK) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,926 shares of the company’s stock after buying an additional 440 shares during the quarter. Voya Investment Management LLC’s holdings in Oshkosh were worth $934,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Oshkosh by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock valued at $769,303,000 after acquiring an additional 35,382 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock valued at $251,417,000 after acquiring an additional 354,714 shares during the last quarter. American Century Companies Inc. lifted its position in Oshkosh by 14.7% in the first quarter. American Century Companies Inc. now owns 2,328,880 shares of the company’s stock valued at $219,101,000 after acquiring an additional 298,470 shares during the last quarter. LSV Asset Management lifted its position in Oshkosh by 6.9% in the first quarter. LSV Asset Management now owns 1,726,606 shares of the company’s stock valued at $162,439,000 after acquiring an additional 111,062 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock valued at $126,224,000 after acquiring an additional 992,313 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Down 1.9%

Shares of Oshkosh stock opened at $128.98 on Thursday. 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 1.84 and a debt-to-equity ratio of 0.25. The company’s 50-day simple moving average is $135.00 and its 200-day simple moving average is $112.17. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.64 and a beta of 1.49.

Oshkosh (NYSE:OSK) last issued its quarterly 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. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business posted $3.34 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities research analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, August 19th. Oshkosh’s payout ratio is 20.48%.

Insider Activity

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company’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 directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. This represents 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 this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the company’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 transaction, the chief marketing officer owned 10,459 shares in the company, valued at $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

OSK has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target 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. Zacks Research raised shares of Oshkosh from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. Evercore ISI reaffirmed an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Oshkosh in a report on Friday, June 6th. Finally, Truist Financial raised shares of Oshkosh from a “hold” rating to a “buy” rating and upped their target price for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.58.

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.