Oshkosh (OSK)

• Market cap: $7.07B
• 1 day: -2.74%
• 5 days: -3.79%
• 1 month: 4.25%
• 3 months: 4.74%
• 6 months: -10.98%
• Year to date: 1.18%
• 1 year: 11.88%
• 5 years: 19.22%
• 10 years: 130.08%
• Sector: Consumer Discretionary
• Industry: Motor Vehicles & Passenger Car Bodies

About: Oshkosh is the top producer of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, where it is typically the market share leader in North America, or, in the case of JLG aerial work platforms, a global leader. The company had manufactured joint light tactical vehicles for the us Department of Defense. However, Oshkosh recently lost the JLTV recompete, bringing into focus its us Postal Service contract, which calls for the electrification of us postal vehicles. The company reports in three segments—access equipment (52% of revenue), defense (22%), and vocational (27%)—and generated $9.6 billion in revenue in 2023.

Employees: 17,300

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

32% more call options, than puts

Call options by funds: $22.5M | Put options by funds: $17.1M

21% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 61

3% more funds holding

Funds holding: 464 [Q2] → 477 (+13) [Q3]

9% more repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 158

1.2% less ownership

Funds ownership: 91.83% [Q2] → 90.63% (-1.2%) [Q3]

9% less capital invested

Capital invested by funds: $6.49B [Q2] → $5.91B (-$586M) [Q3]

60% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 2 (-3) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $114 5% upside
• Avg. target: $130 19% upside
• High target: $160 47% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Baird Mircea Dobre 50% 1-year accuracy 8 / 16 met price target	47% upside $160	Outperform Maintained	31 Oct 2024
JP Morgan Tami Zakaria 66% 1-year accuracy 19 / 29 met price target	15% upside $125	Neutral Maintained	14 Oct 2024
Truist Securities Jamie Cook 75% 1-year accuracy 49 / 65 met price target	5% upside $114	Hold Maintained	9 Oct 2024
Evercore ISI Group David Raso 83% 1-year accuracy 15 / 18 met price target	10% upside $119	Outperform Maintained	19 Aug 2024