Oshkosh Corporation $OSK Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 148.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,186 shares of the company’s stock after acquiring an additional 25,186 shares during the quarter. Gabelli Funds LLC owned about 0.07% of Oshkosh worth $4,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its stake in shares of 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 purchasing an additional 190 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Oshkosh by 8.6% during the 1st quarter. Atria Wealth Solutions Inc. now owns 3,720 shares of the company’s stock valued at $350,000 after buying an additional 295 shares during the period. Vanguard Group Inc. lifted its position in Oshkosh by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock worth $769,303,000 after acquiring an additional 35,382 shares in the last quarter. Deutsche Bank AG boosted its holdings in Oshkosh by 19.8% in the 1st quarter. Deutsche Bank AG now owns 80,640 shares of the company’s stock worth $7,587,000 after acquiring an additional 13,302 shares during the period. Finally, Townsquare Capital LLC grew its position in Oshkosh by 10.1% in the first quarter. Townsquare Capital LLC now owns 9,522 shares of the company’s stock valued at $896,000 after acquiring an additional 873 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OSK. KeyCorp upped their target price on shares of Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Citigroup decreased their price objective on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Wells Fargo & Company assumed coverage on Oshkosh in a research report on Thursday, November 13th. They set an “overweight” rating and a $144.00 target price on the stock. Finally, Zacks Research downgraded Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Twelve research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Oshkosh Stock Performance

Shares of OSK stock opened at $125.99 on Wednesday. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.63 and a beta of 1.41. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30. The company’s 50-day simple moving average is $128.24 and its 200-day simple moving average is $126.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data 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 firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the company earned $2.93 earnings per share. Oshkosh’s quarterly revenue was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Equities analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, November 17th. Oshkosh’s dividend payout ratio is currently 19.90%.

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.