Wasatch Advisors LP Buys 32,959 Shares of Oshkosh Corporation $OSK

Wasatch Advisors LP lifted its stake in Oshkosh Corporation (NYSE:OSK - Free Report) by 12.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 293,645 shares of the company's stock after purchasing an additional 32,959 shares during the period. Wasatch Advisors LP owned 0.47% of Oshkosh worth $45,069,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings 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 last quarter. LSV Asset Management increased its position in Oshkosh by 0.9% during the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company's stock valued at $240,427,000 after buying an additional 17,944 shares in the last quarter. Invesco Ltd. raised its stake in Oshkosh by 20.4% during the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company's stock valued at $223,337,000 after buying an additional 300,766 shares during the last quarter. AQR Capital Management LLC boosted its holdings in 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. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Oshkosh in the fourth quarter worth $175,882,000. Institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OSK. Truist Financial raised their price target on Oshkosh from $176.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Evercore reissued an "outperform" rating and set a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Barclays raised their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Zacks Research cut shares of Oshkosh from a "hold" rating to a "strong sell" rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $145.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of "Moderate Buy" and a consensus target price of $171.33.

Oshkosh Price Performance

NYSE OSK opened at $155.78 on Wednesday. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49. The stock has a 50-day moving average of $144.31 and a 200 day moving average of $148.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.95 and a beta of 1.25.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results 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. The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, sell-side analysts forecast that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a dividend of $0.57 per share. 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 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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