Focus Partners Advisor Solutions LLC Buys New Position in Oshkosh Corporation $OSK

Key Points

• Focus Partners Advisor Solutions acquired 11,172 Oshkosh shares worth approximately $1.715 million in the second quarter. Institutional investors and hedge funds now own 92.36% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $171.33, above the reported share price of $152.96.
• Oshkosh exceeded quarterly earnings expectations, reporting $2.87 in EPS versus the $2.63 consensus and $2.92 billion in revenue. The company also declared a quarterly dividend of $0.57 per share, representing a 1.5% annualized yield.

Focus Partners Advisor Solutions LLC acquired a new position in Oshkosh Corporation (NYSE:OSK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,172 shares of the company's stock, valued at approximately $1,715,000.

Several other large investors have also added to or reduced their stakes in the business. State of Wyoming bought a new stake in Oshkosh during the 2nd quarter worth about $535,000. Oppenheimer Asset Management Inc. bought a new position in shares of Oshkosh in the 2nd quarter valued at about $1,307,000. Wedge Capital Management L L P NC grew its holdings in shares of Oshkosh by 31.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 100,875 shares of the company's stock valued at $15,482,000 after acquiring an additional 23,929 shares in the last quarter. Annex Advisory Services LLC increased its position in shares of Oshkosh by 2.8% in the second quarter. Annex Advisory Services LLC now owns 2,967 shares of the company's stock valued at $455,000 after acquiring an additional 80 shares during the last quarter. Finally, Wasatch Advisors LP increased its position in shares of Oshkosh by 12.6% in the second quarter. Wasatch Advisors LP now owns 293,645 shares of the company's stock valued at $45,069,000 after acquiring an additional 32,959 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OSK. Truist Financial increased their price target on Oshkosh from $176.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Barclays boosted their price target on Oshkosh from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on Oshkosh from $145.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. DA Davidson increased their price objective on Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, Evercore reissued an "outperform" rating and issued a $181.00 target price on shares of Oshkosh in a research note on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Oshkosh currently has a consensus rating of "Moderate Buy" and an average target price of $171.33.

Oshkosh Price Performance

Shares of NYSE OSK opened at $152.96 on Friday. The business's 50 day moving average price is $145.57 and its two-hundred day moving average price is $148.20. The company has a market cap of $9.44 billion, a PE ratio of 17.50, 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 twelve month low of $116.77 and a twelve month high of $180.49.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.24. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the company earned $3.41 earnings per share. 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. On average, analysts predict that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Dividend Announcement

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