Illinois Municipal Retirement Fund bought a new stake in Oshkosh Corporation (NYSE:OSK – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor bought 6,821 shares of the company’s stock, valued at approximately $1,004,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of Oshkosh by 1,945.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 425,600 shares of the company’s stock worth $53,468,000 after buying an additional 404,788 shares in the last quarter. LSV Asset Management raised its position 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 valued at $240,427,000 after buying an additional 17,944 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Oshkosh by 84.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 54,593 shares of the company’s stock valued at $8,037,000 after buying an additional 25,037 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Oshkosh during the fourth quarter worth approximately $7,432,000. Finally, Sivia Capital Partners LLC acquired a new stake in Oshkosh during the second quarter worth approximately $325,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
OSK has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup cut Oshkosh from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $180.00 to $170.00 in a report on Monday, April 13th. Sanford C. Bernstein set a $138.00 price objective on Oshkosh in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. dropped their target price on Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.60.
Oshkosh Price Performance
Oshkosh stock opened at $148.90 on Thursday. Oshkosh Corporation has a 1 year low of $116.77 and a 1 year high of $180.49. The firm has a 50 day moving average price of $137.41 and a 200 day moving average price of $147.81. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.72 and a beta of 1.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63.
Oshkosh (NYSE:OSK – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.19). The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Sell-side analysts predict that Oshkosh Corporation will post 10.87 earnings per share for the current year.
Oshkosh Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s dividend payout ratio is presently 25.39%.
Insider Buying and Selling at Oshkosh
In related news, Director Duncan Palmer sold 505 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the transaction, the director directly owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.
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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