Jupiter Topco LLC Purchases New Position in Oshkosh Corporation $OSK

Key Points

• Jupiter Topco LLC acquired 40,521 Oshkosh shares worth approximately $6.2 million during the second quarter, while institutional investors collectively owned 92.36% of the company.
• Oshkosh exceeded quarterly expectations, reporting $2.87 in earnings per share and $2.92 billion in revenue, up 6.7% year over year. Analysts expect $10.72 in full-year EPS.
• The company paid a quarterly dividend of $0.57 per share, representing an annualized dividend of $2.28 and a 1.5% yield; analysts maintained a “Moderate Buy” consensus with an average price target of $170.71.

Jupiter Topco LLC acquired a new position in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 40,521 shares of the company's stock, valued at approximately $6,218,000. Jupiter Topco LLC owned about 0.07% of Oshkosh at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower View Wealth Management LLC purchased a new position in shares of Oshkosh in the 1st quarter worth approximately $29,000. Fiduciary Financial Advisors purchased a new stake in Oshkosh during the 2nd quarter valued at $38,000. Whittier Trust Co. raised its holdings 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 buying an additional 94 shares during the period. Basepoint Wealth LLC bought a new stake in Oshkosh in the fourth quarter worth $51,000. Finally, Global Retirement Partners LLC lifted its position in Oshkosh by 284.9% in the fourth 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 last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $154.46 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average is $149.59 and its two-hundred day moving average is $147.82. Oshkosh Corporation has a 52 week low of $116.77 and a 52 week high of $180.49. The company has a market capitalization of $9.54 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The business's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, analysts expect that Oshkosh Corporation will post 10.72 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. Oshkosh's payout ratio is 26.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OSK shares. Evercore reiterated an "outperform" rating and set a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Oshkosh from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. 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. Morgan Stanley cut their price target on shares of Oshkosh from $157.00 to $150.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 12th. Finally, Truist Financial increased their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $170.71.

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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