Equity Investment Corp Takes $91.73 Million Position in Oshkosh Corporation $OSK

Equity Investment Corp bought a new position in Oshkosh Corporation (NYSE:OSK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 597,697 shares of the company's stock, valued at approximately $91,735,000. Equity Investment Corp owned approximately 0.97% of Oshkosh at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tower View Wealth Management LLC purchased a new position in shares of Oshkosh during the 1st quarter valued at about $29,000. Torren Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter worth $30,000. Basepoint Wealth LLC purchased a new position in shares of Oshkosh during the 4th quarter valued at $51,000. Global Retirement Partners LLC boosted its holdings in Oshkosh by 284.9% in the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company's stock worth $51,000 after buying an additional 302 shares during the period. Finally, Whittier Trust Co. increased its stake in Oshkosh by 33.7% in the 1st quarter. Whittier Trust Co. now owns 373 shares of the company's stock worth $55,000 after buying an additional 94 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

OSK has been the subject of a number of research analyst reports. Evercore restated an "outperform" rating and set a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Barclays increased their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a research 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 report on Thursday, July 2nd. Zacks Research cut Oshkosh from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Oshkosh from $145.00 to $150.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Oshkosh has an average rating of "Moderate Buy" and an average target price of $171.33.

Oshkosh Trading Down 4.0%

Oshkosh stock opened at $147.88 on Wednesday. The stock has a 50-day moving average price of $146.33 and a 200 day moving average price of $148.20. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. 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 EPS for the quarter, beating the consensus estimate of $2.63 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The firm's revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Sell-side analysts anticipate that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Announces Dividend

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