Commerce Bank Makes New $644,000 Investment in Oshkosh Corporation $OSK

Commerce Bank purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,197 shares of the company’s stock, valued at approximately $644,000.

Several other large investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Oshkosh in the 2nd quarter valued at $913,816,000. Dimensional Fund Advisors LP raised its position in Oshkosh by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock worth $449,166,000 after purchasing an additional 46,306 shares during the period. LSV Asset Management raised its position in Oshkosh by 0.9% in the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock worth $240,427,000 after purchasing an additional 17,944 shares during the period. Invesco Ltd. lifted its stake in Oshkosh by 20.4% in the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after purchasing an additional 300,766 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after purchasing an additional 345,782 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Up 1.3%

NYSE:OSK opened at $157.23 on Thursday. The firm has a market capitalization of $9.71 billion, a P/E ratio of 17.99, a P/E/G ratio of 0.95 and a beta of 1.25. 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 fifty day moving average of $148.72 and a 200 day moving average of $148.20. Oshkosh Corporation has a 52 week low of $116.77 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK) 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 business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm earned $3.41 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, research analysts predict that Oshkosh Corporation will post 10.72 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors 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 yield of 1.5%. The ex-dividend date is Thursday, August 13th. Oshkosh’s payout ratio is currently 26.09%.

Analyst Ratings Changes

OSK has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. DA Davidson lifted their price objective on Oshkosh from $168.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Robert W. Baird boosted their target price on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Evercore restated an “outperform” rating and set a $181.00 target price on shares of Oshkosh in a report on Monday, May 11th. Finally, Truist Financial raised their price target on Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $170.71.

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.