Future Fund LLC Purchases Shares of 6,625 Oshkosh Corporation $OSK

Future Fund LLC bought a new stake in Oshkosh Corporation (NYSE:OSK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,625 shares of the company’s stock, valued at approximately $752,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in shares of Oshkosh by 0.4% in the first quarter. Principal Financial Group Inc. now owns 149,716 shares of the company’s stock valued at $14,085,000 after buying an additional 553 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Oshkosh by 78.4% during the first quarter. Crossmark Global Holdings Inc. now owns 6,864 shares of the company’s stock worth $646,000 after buying an additional 3,017 shares during the last quarter. Alps Advisors Inc. acquired a new position in Oshkosh in the first quarter valued at approximately $349,000. Cerity Partners LLC boosted its position in shares of Oshkosh by 57.4% during the 1st quarter. Cerity Partners LLC now owns 65,765 shares of the company’s stock worth $6,187,000 after purchasing an additional 23,983 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in Oshkosh by 1.3% during the 1st quarter. State of Michigan Retirement System now owns 15,608 shares of the company’s stock valued at $1,468,000 after purchasing an additional 200 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OSK has been the subject of a number of research analyst reports. DA Davidson set a $160.00 price target on Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. UBS Group raised their price target on Oshkosh from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a report on Wednesday, October 8th. Citigroup decreased their price objective 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. Finally, Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a report on Sunday. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and a consensus price target of $145.25.

Oshkosh Price Performance

NYSE OSK opened at $121.29 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.92. The business’s fifty day moving average price is $132.35 and its 200-day moving average price is $121.60. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.57 and a beta of 1.45. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.08. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm 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 year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 17th. Oshkosh’s dividend payout ratio is 19.90%.

Insider Buying and Selling

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the sale, the senior vice president owned 13,716 shares of the company’s stock, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.55% of the stock is currently owned by company 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.