Hudson Bay Capital Management LP Acquires 6,493 Shares of Oshkosh Corporation $OSK

Hudson Bay Capital Management LP grew its stake in Oshkosh Corporation (NYSE:OSK) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,217 shares of the company’s stock after purchasing an additional 6,493 shares during the period. Hudson Bay Capital Management LP’s holdings in Oshkosh were worth $14,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. ProShare Advisors LLC boosted its stake in Oshkosh by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock valued at $324,000 after buying an additional 87 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Oshkosh by 6.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock valued at $200,000 after acquiring an additional 100 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after purchasing an additional 106 shares in the last quarter. Whittier Trust Co. grew its holdings 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 purchasing an additional 114 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Oshkosh by 30.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 594 shares of the company’s stock worth $67,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $132.43 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $128.41 and a 200 day simple moving average of $127.18. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The firm has a market cap of $8.38 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.68 and a beta of 1.41.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.08. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Sell-side analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, November 17th. Oshkosh’s dividend payout ratio (DPR) is presently 19.90%.

Analyst Upgrades and Downgrades

OSK has been the topic of a number of recent analyst reports. Citigroup reduced their price target on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company started coverage on shares of Oshkosh in a research note on Thursday, November 13th. They issued an “overweight” rating and a $144.00 target price for the company. Zacks Research lowered Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. UBS Group raised their price target on Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Truist Financial reduced 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. Thirteen equities research analysts have rated the stock with a Buy rating, four have given 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 $150.20.

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.