Renaissance Technologies LLC Makes New $6.33 Million Investment in Oshkosh Corporation $OSK

Renaissance Technologies LLC purchased a new position in Oshkosh Corporation (NYSE:OSK) during the first quarter, Holdings Channel reports. The institutional investor purchased 43,000 shares of the company’s stock, valued at approximately $6,330,000.

A number of other hedge funds have also bought and sold shares of OSK. Goldman Sachs Group Inc. lifted its holdings in Oshkosh by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock valued at $21,180,000 after buying an additional 68,165 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Oshkosh by 8.1% in the 1st 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 in the last quarter. Focus Partners Wealth acquired a new position in shares of Oshkosh in the 1st quarter valued at about $567,000. Sivia Capital Partners LLC bought a new stake in shares of Oshkosh during the 2nd quarter valued at about $325,000. Finally, California Public Employees Retirement System grew its stake in Oshkosh by 1.3% during the second quarter. California Public Employees Retirement System now owns 111,199 shares of the company’s stock worth $12,626,000 after purchasing an additional 1,404 shares during the period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Up 5.5%

NYSE OSK opened at $156.50 on Wednesday. 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 Corporation has a 52 week low of $116.77 and a 52 week high of $180.49. The business has a 50 day moving average price of $141.81 and a 200-day moving average price of $148.11. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 0.91 and a beta of 1.25.

Oshkosh (NYSE:OSK) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. Oshkosh’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities analysts expect that Oshkosh Corporation will post 10.71 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be 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 is Thursday, August 13th. Oshkosh’s dividend payout ratio (DPR) is currently 26.09%.

Analysts Set New Price Targets

OSK has been the topic of several recent analyst reports. Zacks Research lowered Oshkosh from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Morgan Stanley cut their target price on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday. Barclays lifted their price target 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. Finally, Sanford C. Bernstein set a $138.00 price objective on shares of Oshkosh in a report on Thursday, April 9th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.33.

Insider Activity at Oshkosh

In other news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the sale, the director directly owned 39,684 shares of the company’s stock, valued at $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

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.