Rice Hall James & Associates LLC Buys New Stake in Oshkosh Corporation $OSK

Rice Hall James & Associates LLC purchased a new position in shares of Oshkosh Corporation (NYSE:OSK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 106,011 shares of the company’s stock, valued at approximately $16,271,000.

A number of other institutional investors also recently made changes to their positions in OSK. Southpoint Capital Advisors LP purchased a new stake in shares of Oshkosh in the fourth quarter valued at $175,882,000. Norges Bank purchased a new stake in Oshkosh during the 4th quarter worth about $127,907,000. First Trust Advisors LP raised its stake 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 purchasing an additional 975,206 shares during the last quarter. Alliancebernstein L.P. raised its stake in Oshkosh by 908.0% in 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 lifted its holdings in Oshkosh by 143.9% in 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 in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Up 0.7%

OSK stock opened at $153.97 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 0.94 and a beta of 1.25. The business has a fifty day simple moving average of $146.03 and a 200-day simple moving average of $148.19. Oshkosh Corporation has a 52 week low of $116.77 and a 52 week high of $180.49.

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

Oshkosh Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OSK. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings raised shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Zacks Research lowered shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Barclays raised their target price on shares of Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Truist Financial boosted their price target on Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $171.33.

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.