Assenagon Asset Management S.A. Raises Position in Oshkosh Corporation $OSK

Key Points

• Assenagon Asset Management increased its Oshkosh stake by 305% in the second quarter, bringing its holdings to 36,000 shares valued at approximately $5.5 million. Institutional investors collectively own 92.36% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy, five Hold and one Sell rating. Oshkosh has a “Moderate Buy” consensus rating and an average price target of $171.33.
• Oshkosh exceeded quarterly expectations, reporting $2.87 in EPS versus a $2.63 estimate and $2.92 billion in revenue. The company also declared a quarterly dividend of $0.57 per share, representing a 1.5% yield.

Assenagon Asset Management S.A. grew its holdings in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 305.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,000 shares of the company's stock after acquiring an additional 27,111 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of Oshkosh worth $5,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its stake in shares of Oshkosh by 1,945.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 425,600 shares of the company's stock valued at $53,468,000 after acquiring an additional 404,788 shares during the period. Y Intercept Hong Kong Ltd raised its stake in Oshkosh by 84.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,593 shares of the company's stock worth $8,037,000 after acquiring an additional 25,037 shares during the period. California State Teachers Retirement System raised its stake in Oshkosh by 21.9% during the 1st quarter. California State Teachers Retirement System now owns 74,153 shares of the company's stock worth $10,916,000 after acquiring an additional 13,344 shares during the period. LSV Asset Management lifted its holdings in Oshkosh by 0.9% during the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company's stock valued at $240,427,000 after purchasing an additional 17,944 shares in the last quarter. Finally, Norges Bank purchased a new position in Oshkosh during the fourth quarter valued at approximately $127,907,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Wall Street Zen downgraded shares of Oshkosh from a "buy" rating to a "hold" rating in a report on Sunday. Evercore reiterated an "outperform" rating and issued a $181.00 price target on shares of Oshkosh in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their price target on Oshkosh from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Barclays boosted their price objective on Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $171.33.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $155.78 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The firm has a fifty day moving average price of $144.31 and a 200 day moving average price of $148.18. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 0.95 and a beta of 1.25.

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. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. Oshkosh's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, sell-side analysts expect that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders 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 of this dividend is Thursday, August 13th. Oshkosh's payout ratio is 26.09%.

Oshkosh Company Profile

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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