Canada Pension Plan Investment Board Invests $6.23 Million in Oshkosh Corporation $OSK

Key Points

• Canada Pension Plan Investment Board purchased 40,600 Oshkosh shares worth approximately $6.23 million, acquiring a 0.07% stake. Institutional investors collectively own 92.36% of the company.
• Oshkosh exceeded quarterly expectations with adjusted earnings of $2.87 per share versus the $2.63 estimate, while revenue rose 6.7% year over year to $2.92 billion.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $170.71 price target. Oshkosh also pays a quarterly dividend of $0.57 per share, yielding about 1.5% annually.

Canada Pension Plan Investment Board purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 40,600 shares of the company's stock, valued at approximately $6,231,000. Canada Pension Plan Investment Board owned about 0.07% of Oshkosh as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OSK. BlackRock Inc. bought a new position in Oshkosh in the 2nd quarter valued at approximately $913,816,000. Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company's stock worth $449,166,000 after purchasing an additional 46,306 shares in the last quarter. LSV Asset Management increased its holdings in shares of Oshkosh by 0.9% in the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company's stock worth $240,427,000 after purchasing an additional 17,944 shares in the last quarter. Invesco Ltd. raised its stake in shares of Oshkosh by 20.4% in the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company's stock worth $223,337,000 after purchasing an additional 300,766 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company's stock worth $193,728,000 after purchasing an additional 345,782 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

OSK stock opened at $154.37 on Monday. 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 Corporation has a 1 year low of $116.77 and a 1 year high of $180.49. The company has a market cap of $9.53 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. The stock's fifty day moving average price is $149.34 and its 200-day moving average price is $147.97.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 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 company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the prior year, the business earned $3.41 earnings per share. Oshkosh's revenue for the quarter was up 6.7% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, equities analysts forecast that Oshkosh Corporation will post 10.72 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh's dividend payout ratio is presently 26.09%.

Analysts Set New Price Targets

Several research firms recently commented on OSK. Morgan Stanley dropped their price objective on Oshkosh from $157.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 12th. Evercore reissued an "outperform" rating and issued a $181.00 target price on shares of Oshkosh in a research report on Monday, May 11th. Truist Financial upped their target price on shares of Oshkosh from $176.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Finally, Robert W. Baird lifted their price target 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. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $170.71.

Oshkosh 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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