Wedge Capital Management L L P NC lifted its stake in shares of Oshkosh Corporation (NYSE:OSK – Free Report) by 31.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 100,875 shares of the company’s stock after buying an additional 23,929 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Oshkosh were worth $15,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Oshkosh by 43.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after acquiring an additional 68,165 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Oshkosh by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after acquiring an additional 14,122 shares during the period. Focus Partners Wealth purchased a new position in Oshkosh during the first quarter worth about $567,000. Sivia Capital Partners LLC purchased a new position in Oshkosh during the second quarter worth about $325,000. Finally, California Public Employees Retirement System lifted its position in Oshkosh by 1.3% in the second quarter. California Public Employees Retirement System now owns 111,199 shares of the company’s stock valued at $12,626,000 after purchasing an additional 1,404 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. Robert W. Baird boosted their target price on Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. DA Davidson increased their price target on Oshkosh from $168.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Zacks Research lowered Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $171.33.
Oshkosh Price Performance
OSK opened at $155.78 on Wednesday. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week high of $180.49. The company has a 50 day moving average of $144.31 and a two-hundred day moving average of $148.18. The company has a market cap of $9.62 billion, a P/E ratio of 17.82, a P/E/G ratio of 0.95 and a beta of 1.25. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13.
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, beating the consensus estimate of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the business posted $3.41 EPS. The business’s quarterly revenue 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 expect that Oshkosh Corporation will post 10.72 earnings per share for the current year.
Oshkosh Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is presently 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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