7. Oshkosh Corporation (NYSE:OSK)
Number of Hedge Fund Holders as of Q3: 33
Greenhaven Associates’ Equity Stake: $242.63 Million
Oshkosh Corporation (NYSE:OSK), headquartered in Oshkosh, Wisconsin, is a global manufacturer specializing in purpose-built vehicles and equipment, such as specialty trucks, military vehicles, fire apparatus, and access equipment. With operations across 19 countries including Australia, Canada, China, France, and Romania, the company operates through 12 brands and four main segments: access, vocational, defense, and corporate. It owns several subsidiaries, including Pierce Manufacturing for fire apparatus and JLG Industries for lift equipment. Employing around 18,000 people across 125 facilities in 19 countries, Oshkosh Corporation focuses on advancing vehicle and equipment technology to enhance safety and efficiency for its customers.
Oshkosh Corporation (NYSE:OSK) reported its quarterly revenue for Q4 2024 as $2.62 billion, surpassing analyst estimates of $2.42 billion by 8.47% and demonstrating year-over-year growth of 6%. The company boasted high fourth-quarter earnings for 2024, totaling adjusted EPS of $2.58 and beating a consensus estimate of $2.18 by $0.40. According to Oshkosh Corporation CEO John Pfeifer, the company’s strong fourth-quarter results were driven by revenue growth of nearly 20% in the Vocational segment.
Former hedge fund manager Jim Cramer expressed surprise at Oshkosh Corporation’s solid earnings report for the quarter that ended December 31, 2024, and called it a “great American company”. During Q4 2024, Greenhaven Associates enhanced its position in Oshkosh Corporation (NYSE:OSK) by 1% and held a stake worth over $242.63 million. The company accounted for 3.58% of Edgar Wachenheim’s portfolio.
At the end of Q3 2024, 33 hedge funds tracked by Insider Monkey held stakes in Oshkosh Corporation (NYSE:OSK), showing improvement from 28 hedge funds in the previous quarter. These stakes hold a consolidated value of roughly $560.67 million.
Aristotle Capital Value Equity Strategy mentioned Oshkosh Corporation (NYSE:OSK) in its Q2 2024 investor letter. Here is what the firm has to say:
“Oshkosh Corporation (NYSE:OSK), a manufacturer of purpose‐built vehicles worldwide, was a main detractor during the quarter. Despite a decline in share price, the company has seen fundamental improvements and strong demand for its vehicles, including an increasing backlog of orders for fire trucks. As such, revenue for Oshkosh’s Vocational segment was up over 35% year‐over‐year. We believe this segment should be able to expand its margins, particularly as the company was awarded a contract to produce the “Next Generation Delivery Vehicle” for the U.S. Postal Service, which should begin to ramp up at the beginning of next year. This contract could generate in excess of $6 billion in revenue for the company. Furthermore, we continue to believe that Oshkosh is a high‐quality business that should be able to create innovative equipment and gain market share across segments. This includes its aerial work platforms as global safety standards increase around the world.”
Oshkosh Corporation (NYSE:OSK) stands out as a solid investment due to its consistent profitability and impressive earnings growth. Over the past three years, the company has achieved a compound annual EPS growth of 19%, demonstrating its ability to generate sustained shareholder value. Additionally, its annual revenue increased by 11% to almost $11 billion, reinforcing its strong market position. With stable EBIT margins and a solid financial foundation, Oshkosh is a great stock for investors seeking long-term growth and stability.
