Principal Financial Group Inc. Acquires 5,143 Shares of Oshkosh Corporation $OSK

Principal Financial Group Inc. boosted its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,227 shares of the company’s stock after buying an additional 5,143 shares during the period. Principal Financial Group Inc.’s holdings in Oshkosh were worth $20,790,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OSK. Southpoint Capital Advisors LP bought a new stake in shares of Oshkosh during the fourth quarter worth about $175,882,000. Norges Bank bought a new position in Oshkosh in the 4th quarter valued at about $127,907,000. First Trust Advisors LP lifted its position in Oshkosh by 408.7% in the 4th quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock valued at $152,490,000 after acquiring an additional 975,206 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Oshkosh by 908.0% during the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock valued at $118,481,000 after purchasing an additional 822,874 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Oshkosh by 143.9% during the 4th quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock valued at $149,896,000 after purchasing an additional 704,022 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Trading Up 3.2%

NYSE:OSK opened at $146.48 on Wednesday. Oshkosh Corporation has a 52 week low of $116.77 and a 52 week high of $180.49. The firm has a 50-day moving average price of $136.93 and a two-hundred day moving average price of $147.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23.

Oshkosh (NYSE:OSK) last announced its earnings results on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.Oshkosh’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, equities analysts expect that Oshkosh Corporation will post 10.87 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.28 annualized dividend and a yield of 1.6%. Oshkosh’s payout ratio is currently 25.39%.

Analyst Ratings Changes

OSK has been the subject of several analyst reports. Wall Street Zen downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Morgan Stanley cut their target price on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings upgraded Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. JPMorgan Chase & Co. lowered their price target on Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Truist Financial raised their price objective on Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $168.60.

Insiders Place Their Bets

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the company’s 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 completion of the transaction, the director owned 39,684 shares in the company, valued at $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.

About Oshkosh

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.