N.E.W. Advisory Services LLC Acquires New Stake in Oshkosh Corporation $OSK

N.E.W. Advisory Services LLC acquired a new stake in Oshkosh Corporation (NYSE:OSK) during the second quarter, Holdings Channel reports. The fund acquired 8,077 shares of the company’s stock, valued at approximately $1,240,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower View Wealth Management LLC purchased a new stake in shares of Oshkosh during the first quarter worth $29,000. Torren Management LLC purchased a new position in shares of Oshkosh in the fourth quarter worth about $30,000. Basepoint Wealth LLC purchased a new position in shares of Oshkosh in the fourth quarter worth about $51,000. Global Retirement Partners LLC boosted its position in Oshkosh by 284.9% during the fourth quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock worth $51,000 after acquiring an additional 302 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in Oshkosh by 33.7% during the first quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on OSK shares. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Barclays upped their price target on Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price target on Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and a consensus target price of $171.33.

Oshkosh Stock Up 0.0%

Shares of NYSE:OSK opened at $152.96 on Monday. The business has a 50-day moving average price of $145.57 and a 200 day moving average price of $148.17. 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 company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 0.94 and a beta of 1.25. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data 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. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the firm earned $3.41 EPS. Oshkosh’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. Sell-side analysts expect that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Announces Dividend

The business also recently declared 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 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 payout ratio is 26.09%.

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.