Kingsview Wealth Management LLC Makes New Investment in Oshkosh Corporation $OSK

Key Points

• Kingsview Wealth Management acquired 38,507 Oshkosh shares worth approximately $5.91 million, while institutional investors collectively owned 92.36% of the company.
• Oshkosh reported quarterly EPS of $2.87, exceeding estimates of $2.63, and revenue of $2.92 billion, up 6.7% year over year. The stock opened at $154.37, with analysts assigning a “Moderate Buy” consensus rating and an average price target of $170.71.
• The company paid a quarterly dividend of $0.57 per share, equivalent to an annualized $2.28 payout and a 1.5% yield.

Kingsview Wealth Management LLC acquired a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 38,507 shares of the company's stock, valued at approximately $5,910,000. Kingsview Wealth Management LLC owned approximately 0.06% of Oshkosh at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Oshkosh during the 2nd quarter worth about $913,816,000. Dimensional Fund Advisors LP boosted its holdings in shares of Oshkosh by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company's stock worth $449,166,000 after buying an additional 46,306 shares during the period. LSV Asset Management boosted its holdings in shares of Oshkosh by 0.9% in the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company's stock worth $240,427,000 after buying an additional 17,944 shares during the period. Invesco Ltd. increased its position 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 acquiring an additional 300,766 shares in the last quarter. Finally, AQR Capital Management LLC increased its position 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 acquiring an additional 345,782 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Trading Down 1.5%

NYSE OSK opened at $154.37 on Friday. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $9.53 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. The firm's fifty day simple moving average is $149.34 and its 200-day simple moving average is $148.14.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 EPS 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 company posted $3.41 earnings per share. The firm's revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, sell-side analysts anticipate that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

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

Analyst Upgrades and Downgrades

OSK has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on Oshkosh from $157.00 to $150.00 and set an "equal weight" rating for the company in a report on Tuesday, May 12th. DA Davidson lifted their price target on Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Weiss Ratings raised Oshkosh from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 13th. Evercore reissued an "outperform" rating and issued a $181.00 price objective on shares of Oshkosh in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their price objective on Oshkosh from $145.00 to $150.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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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