Commerce Bank Purchases New Shares in Oshkosh Corporation $OSK

Commerce Bank acquired a new stake in shares of Oshkosh Corporation (NYSE:OSKFree Report) during the second quarter, HoldingsChannel reports. The fund acquired 4,197 shares of the company’s stock, valued at approximately $644,000.

A number of other hedge funds have also added to or reduced their stakes in OSK. BlackRock Inc. bought a new position in Oshkosh in the 2nd quarter worth $913,816,000. Dimensional Fund Advisors LP boosted its stake in shares of Oshkosh by 1.5% during the 1st 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 in the last quarter. LSV Asset Management boosted its stake in shares of 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 purchasing an additional 17,944 shares in the last quarter. Invesco Ltd. increased its position in shares of 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 period. Finally, AQR Capital Management LLC increased its position in shares of Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after buying an additional 345,782 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $157.23 on Thursday. The business has a fifty day moving average price of $148.72 and a 200-day moving average price of $148.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. The company has a market capitalization of $9.71 billion, a PE ratio of 17.99, a PEG ratio of 0.95 and a beta of 1.25. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49.

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

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.28 annualized dividend and a yield of 1.5%. Oshkosh’s payout ratio is 26.09%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. Robert W. Baird upped their target price on Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on Oshkosh from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, DA Davidson raised their target price on Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a research note 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’s stock. According to MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and a consensus target price of $170.71.

Check Out Our Latest Report on OSK

Oshkosh Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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