Pzena Investment Management LLC Invests $59.71 Million in Oshkosh Corporation $OSK

Pzena Investment Management LLC acquired a new position in Oshkosh Corporation (NYSE:OSK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 525,887 shares of the company’s stock, valued at approximately $59,709,000. Pzena Investment Management LLC owned 0.82% of Oshkosh at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Kodai Capital Management LP purchased a new position in shares of Oshkosh in the first quarter worth about $7,077,000. Ieq Capital LLC purchased a new position in Oshkosh during the 1st quarter valued at about $7,682,000. Principal Financial Group Inc. increased its holdings in Oshkosh by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company’s stock valued at $14,085,000 after purchasing an additional 553 shares during the period. OMNI 360 Wealth Inc. purchased a new position in Oshkosh during the 2nd quarter valued at about $237,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in Oshkosh during the 1st quarter valued at about $263,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Down 6.3%

OSK stock opened at $124.21 on Monday. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The business’s 50 day moving average price is $135.80 and its two-hundred day moving average price is $115.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47.

Oshkosh (NYSE:OSK) last posted its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Truist Financial boosted their price target on Oshkosh from $155.00 to $171.00 and gave the company a “buy” rating in a report on Wednesday. KeyCorp boosted their price target on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. UBS Group set a $164.00 price target on Oshkosh and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Zacks Research downgraded Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Ten investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.25.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the sale, the senior vice president owned 13,716 shares in the company, valued at $1,906,935.48. This represents a 22.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Oshkosh 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.