Lecap Asset Management Ltd. Takes Position in Oshkosh Corporation $OSK

Lecap Asset Management Ltd. acquired a new position in Oshkosh Corporation (NYSE:OSK) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,309 shares of the company’s stock, valued at approximately $1,207,000.

A number of other hedge funds also recently modified their holdings of OSK. OMNI 360 Wealth Inc. bought a new position in shares of Oshkosh in the second quarter worth about $237,000. Amundi raised its stake in shares of Oshkosh by 104.1% in the first quarter. Amundi now owns 31,359 shares of the company’s stock valued at $2,715,000 after purchasing an additional 15,995 shares in the last quarter. Integrity Alliance LLC. bought a new position in Oshkosh in the first quarter worth $226,000. First Financial Bank Trust Division bought a new position in Oshkosh in the second quarter worth $232,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Oshkosh by 2,101.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,676 shares of the company’s stock worth $417,000 after buying an additional 3,509 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $141.62 on Thursday. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.61 and a beta of 1.41. The firm’s 50-day moving average price is $127.51 and its two-hundred day moving average price is $130.02. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $145.80.

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

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. Oshkosh’s payout ratio is currently 19.90%.

Analyst Ratings Changes

OSK has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Morgan Stanley increased their price target on shares of Oshkosh from $136.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. KeyCorp restated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. Finally, Zacks Research lowered Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.44.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.