Ieq Capital LLC Makes New $20.19 Million Investment in Oshkosh Corporation $OSK

Key Points

• Ieq Capital LLC acquired 131,545 Oshkosh shares worth approximately $20.19 million during the second quarter, representing a 0.21% stake. Institutional investors collectively own 92.36% of the company.
• Analyst sentiment is broadly positive: Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $171.33, with several firms recently raising their targets.
• Oshkosh exceeded quarterly expectations, reporting $2.87 in earnings per share and $2.92 billion in revenue. The company also declared a quarterly dividend of $0.57 per share, equivalent to a 1.5% annualized yield.

Ieq Capital LLC acquired a new position in Oshkosh Corporation (NYSE:OSK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 131,545 shares of the company's stock, valued at approximately $20,190,000. Ieq Capital LLC owned 0.21% of Oshkosh at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new position in Oshkosh during the 2nd quarter worth approximately $913,816,000. Dimensional Fund Advisors LP boosted its stake in shares of Oshkosh by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company's stock valued at $449,166,000 after purchasing an additional 46,306 shares during the period. LSV Asset Management boosted its stake in shares of Oshkosh by 0.9% during the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company's stock valued at $240,427,000 after purchasing an additional 17,944 shares during the period. Invesco Ltd. grew its holdings 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 increased 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 buying an additional 345,782 shares during the period. Institutional investors own 92.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OSK. Truist Financial upped their price target on shares of Oshkosh from $176.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. DA Davidson upped their price objective on shares of Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Evercore reiterated an "outperform" rating and set a $181.00 target price on shares of Oshkosh in a report on Monday, May 11th. Morgan Stanley cut their target price on Oshkosh from $157.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised Oshkosh from a "hold" rating to a "buy" rating in a research report on Saturday. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.33.

Oshkosh Stock Performance

Shares of OSK opened at $156.96 on Friday. The company has a 50-day simple moving average of $147.59 and a two-hundred day simple moving average of $148.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. The firm has a market capitalization of $9.69 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49.

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

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.57 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. 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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