Wedge Capital Management L L P NC Raises Stock Position in Oshkosh Corporation $OSK

Wedge Capital Management L L P NC grew its holdings in Oshkosh Corporation (NYSE:OSK) by 31.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,875 shares of the company’s stock after purchasing an additional 23,929 shares during the quarter. Wedge Capital Management L L P NC owned 0.16% of Oshkosh worth $15,482,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Tower View Wealth Management LLC purchased a new position in Oshkosh in the 1st quarter valued at approximately $29,000. Torren Management LLC purchased a new stake in shares of Oshkosh during the fourth quarter worth $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh during the fourth quarter worth $44,000. Whittier Trust Co. raised its stake in shares of Oshkosh by 33.7% in the first quarter. Whittier Trust Co. now owns 373 shares of the company’s stock valued at $55,000 after acquiring an additional 94 shares in the last quarter. Finally, Basepoint Wealth LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at $51,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Up 0.3%

Shares of NYSE:OSK opened at $155.78 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $144.31 and a 200-day simple moving average of $148.18. The company has a market capitalization of $9.62 billion, a PE ratio of 17.82, a P/E/G ratio of 0.95 and a beta of 1.25. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49.

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

Oshkosh Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a research note on Sunday. Robert W. Baird increased their price target on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Truist Financial lifted 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. Evercore reissued an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Finally, DA Davidson upped their target price on shares of Oshkosh from $168.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.33.

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.