Empowered Funds LLC Takes $6.47 Million Position in Oshkosh Corporation $OSK

Key Points

• Empowered Funds LLC acquired 42,131 Oshkosh shares worth approximately $6.47 million in the second quarter, representing a 0.07% stake. Institutional investors collectively own 92.36% of the company.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $170.71; several firms recently raised their targets.
• Oshkosh exceeded quarterly earnings and revenue expectations, reporting $2.87 in EPS and $2.92 billion in revenue. The company also paid a quarterly dividend of $0.57 per share, yielding about 1.5% annually.

Empowered Funds LLC purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 42,131 shares of the company's stock, valued at approximately $6,466,000. Empowered Funds LLC owned 0.07% of Oshkosh at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OSK. Tower View Wealth Management LLC purchased a new stake in shares of Oshkosh during the first quarter valued at $29,000. Fiduciary Financial Advisors purchased a new position in Oshkosh in the 2nd quarter worth about $38,000. Basepoint Wealth LLC purchased a new position in Oshkosh in the 4th quarter worth about $51,000. Global Retirement Partners LLC lifted its stake in Oshkosh by 284.9% during the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company's stock valued at $51,000 after acquiring an additional 302 shares during the period. Finally, Whittier Trust Co. lifted its stake in Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company's stock valued at $55,000 after acquiring an additional 94 shares during the period. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on OSK shares. 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. Zacks Research raised shares of Oshkosh from a "strong sell" rating to a "hold" rating in a report on Friday, August 21st. DA Davidson increased their price objective on shares of Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Evercore restated an "outperform" rating and issued a $181.00 target price on shares of Oshkosh in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Oshkosh from $145.00 to $150.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.71.

Oshkosh Trading Up 0.3%

Oshkosh stock opened at $154.37 on Monday. The business has a 50-day simple moving average of $149.34 and a two-hundred day simple moving average of $147.97. The company has a market cap of $9.53 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.94 and a beta of 1.25. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week high of $180.49. 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 (NYSE:OSK - Get Free Report) last released its quarterly 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 firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the firm earned $3.41 EPS. The business'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. Analysts predict that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Announces Dividend

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

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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