Corient Private Wealth LP Purchases Shares of 40,143 Oshkosh Corporation $OSK

Key Points

• Corient Private Wealth LP acquired 40,143 Oshkosh shares valued at approximately $6.16 million, while institutional investors collectively own 92.36% of the company.
• Analyst sentiment is positive, with 11 Buy ratings and six Holds giving Oshkosh a “Moderate Buy” consensus and an average price target of $170.71.
• Oshkosh exceeded quarterly earnings and revenue estimates, reporting $2.87 EPS and $2.92 billion in revenue; it also maintains a quarterly dividend of $0.57, yielding about 1.5% annually.

Corient Private Wealth LP acquired a new position in Oshkosh Corporation (NYSE:OSK - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 40,143 shares of the company's stock, valued at approximately $6,161,000. Corient Private Wealth LP owned 0.07% of Oshkosh at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Annex Advisory Services LLC increased its position in shares of Oshkosh by 2.8% during the second quarter. Annex Advisory Services LLC now owns 2,967 shares of the company's stock valued at $455,000 after purchasing an additional 80 shares during the period. World Investment Advisors boosted its stake in Oshkosh by 4.7% during the first quarter. World Investment Advisors now owns 1,809 shares of the company's stock worth $266,000 after buying an additional 82 shares in the last quarter. IFP Advisors Inc boosted its stake in Oshkosh by 11.7% during the fourth quarter. IFP Advisors Inc now owns 838 shares of the company's stock worth $105,000 after buying an additional 88 shares in the last quarter. Waverly Advisors LLC increased its holdings in Oshkosh by 0.5% in the 1st quarter. Waverly Advisors LLC now owns 18,595 shares of the company's stock valued at $2,737,000 after buying an additional 90 shares during the period. Finally, Personal CFO Solutions LLC increased its holdings in Oshkosh by 4.8% in the 1st quarter. Personal CFO Solutions LLC now owns 1,992 shares of the company's stock valued at $293,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OSK. Barclays raised their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. 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. Weiss Ratings raised shares of Oshkosh from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 13th. Morgan Stanley cut their price target on shares of Oshkosh from $157.00 to $150.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 12th. Finally, Robert W. Baird lifted their price objective on Oshkosh from $172.00 to $180.00 and gave the company an "outperform" rating in a report 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $170.71.

Oshkosh Stock Up 0.3%

Shares of NYSE OSK opened at $154.46 on Tuesday. The stock has a market cap of $9.54 billion, a PE ratio of 17.67, a PEG ratio of 0.94 and a beta of 1.25. The business has a fifty day moving average of $149.59 and a two-hundred day moving average of $147.82. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week high of $180.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company earned $3.41 EPS. The firm'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. As a group, equities research analysts expect that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a $0.57 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. 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.

Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corporation (NYSE:OSK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source