Bastion Asset Management Inc. Makes New $2.14 Million Investment in Oshkosh Corporation $OSK

Bastion Asset Management Inc. bought a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the second quarter, Holdings Channel reports. The fund bought 19,274 shares of the company’s stock, valued at approximately $2,141,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kodai Capital Management LP bought a new position in shares of Oshkosh in the first quarter worth approximately $7,077,000. Ieq Capital LLC purchased a new stake in Oshkosh during the first quarter valued at about $7,682,000. Principal Financial Group Inc. lifted its stake in shares of Oshkosh by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company’s stock valued at $14,085,000 after acquiring an additional 553 shares during the last quarter. OMNI 360 Wealth Inc. bought a new stake in shares of Oshkosh in the 2nd quarter valued at about $237,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in Oshkosh during the 1st quarter valued at about $7,611,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OSK has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Robert W. Baird upped their price target on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. Finally, UBS Group boosted their price objective on shares of Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and an average target price of $145.25.

Oshkosh Stock Performance

NYSE:OSK opened at $125.67 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $132.71 and its 200 day simple moving average is $120.81. The stock has a market cap of $7.95 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30.

Oshkosh (NYSE:OSK) last posted 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 firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. Oshkosh’s dividend payout ratio is 19.90%.

Insider Activity at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the firm’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 completion of the transaction, the senior vice president owned 13,716 shares in the company, valued at $1,906,935.48. This trade represents a 22.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the company’s stock in a transaction 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 directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is currently owned by corporate insiders.

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.