BlackRock Inc. Invests $913.82 Million in Oshkosh Corporation $OSK

Key Points

• BlackRock acquired 5.95 million Oshkosh shares valued at approximately $913.8 million, giving it a 9.64% stake. Hedge funds and institutional investors collectively own 92.36% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy, five Hold and one Sell rating; the consensus price target is $171.33, while individual targets range as high as $190.
• Oshkosh beat quarterly earnings and revenue estimates, reporting $2.87 in EPS and $2.92 billion in revenue. The company also declared a quarterly dividend of $0.57 per share, equivalent to a 1.5% annual yield.

BlackRock Inc. bought a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,953,973 shares of the company's stock, valued at approximately $913,816,000. BlackRock Inc. owned approximately 9.64% of Oshkosh at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in 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 purchasing an additional 404,788 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of 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 purchasing an additional 25,037 shares during the period. California State Teachers Retirement System increased its holdings in shares of Oshkosh by 21.9% during the 1st quarter. California State Teachers Retirement System now owns 74,153 shares of the company's stock valued at $10,916,000 after purchasing an additional 13,344 shares in the last quarter. LSV Asset Management increased its holdings in shares of Oshkosh by 0.9% during the 4th 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 acquired a new position in shares of Oshkosh in the 4th quarter valued at $127,907,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OSK has been the topic of a number of recent analyst reports. DA Davidson increased their price target on shares of Oshkosh from $168.00 to $176.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Robert W. Baird increased their target price on shares of Oshkosh from $172.00 to $180.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Zacks Research cut Oshkosh from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 23rd. Truist Financial lifted their price target on Oshkosh from $176.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. Finally, Morgan Stanley reduced their price target on Oshkosh from $157.00 to $150.00 and set an "equal weight" rating for the company in a report on Tuesday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $171.33.

Oshkosh Stock Up 2.8%

Shares of NYSE OSK opened at $156.96 on Friday. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. The company's 50-day simple moving average is $147.59 and its 200-day simple moving average is $148.35. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week high of $180.49.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.24. The firm had revenue of $2.92 billion during 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%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities analysts predict that Oshkosh Corporation will post 10.72 EPS for the current fiscal year.

Oshkosh Announces Dividend

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