Oshkosh (OSK)

• Market cap: $6.24B
• 1 day: 1.43%
• 5 days: 7.36%
• 1 month: -1.84%
• 3 months: -9.69%
• 6 months: -13.83%
• Year to date: 2.46%
• 1 year: -7.07%
• 5 years: 4.47%
• 10 years: 139.44%
• 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)

55% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 49

32% more call options, than puts

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

10% more repeat investments, than reductions

Existing positions increased: 176 | Existing positions reduced: 160

4% more funds holding

Funds holding: 464 [Q2] → 484 (+20) [Q3]

0.96% less ownership

Funds ownership: 92.09% [Q2] → 91.13% (-0.96%) [Q3]

9% less capital invested

Capital invested by funds: $6.51B [Q2] → $5.94B (-$571M) [Q3]

60% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $109 14% upside
• Avg. target: $124 29% upside
• High target: $160 67% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Truist Securities Jamie Cook 66% 1-year accuracy 57 / 86 met price target	14% upside $109	Hold Maintained	16 Jan 2025
Citigroup Kyle Menges 58% 1-year accuracy 14 / 24 met price target	15% upside $110	Buy Maintained	14 Jan 2025
JP Morgan Tami Zakaria 53% 1-year accuracy 16 / 30 met price target	20% upside $115	Neutral Maintained	14 Jan 2025
UBS Steven Fisher 61% 1-year accuracy 17 / 28 met price target	30% upside $125	Buy Maintained	12 Dec 2024
Baird Mircea Dobre 33% 1-year accuracy 5 / 15 met price target	67% upside $160	Outperform Maintained	31 Oct 2024