Gamco Investors INC. ET AL Purchases New Shares in Oshkosh Corporation $OSK

Gamco Investors INC. ET AL acquired a new position in Oshkosh Corporation (NYSE:OSK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,911 shares of the company’s stock, valued at approximately $1,920,000.

Other large investors also recently made changes to their positions in the company. Whittier Trust Co. raised its holdings in shares of Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 114 shares during the last quarter. Hantz Financial Services Inc. increased its position in Oshkosh by 215.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock valued at $46,000 after acquiring an additional 278 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock worth $67,000 after acquiring an additional 370 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after purchasing an additional 106 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Oshkosh by 37.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 770 shares of the company’s stock worth $87,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Evercore ISI restated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. JPMorgan Chase & Co. upped their price target on Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Zacks Research lowered Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.20.

Oshkosh Stock Up 5.1%

NYSE:OSK opened at $132.50 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $144.30. The stock’s fifty day simple moving average is $128.31 and its 200-day simple moving average is $126.52. The firm has a market capitalization of $8.38 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.59 and a beta of 1.41.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Equities research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current 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 paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is presently 19.90%.

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.