12,480 Shares in Oshkosh Corporation $OSK Purchased by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC purchased 12,480 Oshkosh shares worth approximately $1.915 million during the second quarter. Institutional investors collectively own 92.36% of the company.
• Analysts remain generally positive, with 11 Buy ratings and six Hold ratings. Oshkosh has a consensus “Moderate Buy” rating and an average price target of $170.71.
• Oshkosh exceeded quarterly earnings and revenue expectations, reporting $2.87 in EPS and $2.92 billion in revenue. The company also declared a quarterly dividend of $0.57 per share, representing a 1.5% yield.

Sanctuary Advisors LLC purchased a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 12,480 shares of the company's stock, valued at approximately $1,915,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of Oshkosh in the 2nd quarter valued at about $913,816,000. Southpoint Capital Advisors LP purchased a new stake in Oshkosh during the fourth quarter valued at approximately $175,882,000. Norges Bank bought a new stake in shares of Oshkosh in the 4th quarter valued at approximately $127,907,000. First Trust Advisors LP lifted its stake in shares of Oshkosh by 408.7% in the 4th quarter. First Trust Advisors LP now owns 1,213,804 shares of the company's stock valued at $152,490,000 after purchasing an additional 975,206 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company's stock worth $118,481,000 after purchasing an additional 822,874 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OSK has been the subject of several recent analyst reports. DA Davidson lifted their price objective on shares of Oshkosh from $168.00 to $176.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Robert W. Baird increased their price objective on shares of Oshkosh from $172.00 to $180.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Truist Financial boosted their target price on Oshkosh from $176.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Finally, Barclays upped their target price on Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.71.

Oshkosh Price Performance

Shares of OSK stock opened at $157.23 on Thursday. The company has a market capitalization of $9.71 billion, a P/E ratio of 17.99, a P/E/G ratio of 0.95 and a beta of 1.25. The company's 50-day simple moving average is $148.72 and its two-hundred day simple moving average is $148.20. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.24. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the business earned $3.41 earnings per share. Oshkosh's quarterly revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities analysts anticipate that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, August 13th. Oshkosh's payout ratio is presently 26.09%.

About Oshkosh

Oshkosh Corporation NYSE: OSK is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

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