Lazard Asset Management LLC Has $46.53 Million Position in Oshkosh Corporation $OSK

Lazard Asset Management LLC grew its stake in shares of Oshkosh Corporation (NYSE:OSK) by 644.7% during the 1st quarter, HoldingsChannel reports. The fund owned 316,109 shares of the company’s stock after acquiring an additional 273,663 shares during the period. Lazard Asset Management LLC’s holdings in Oshkosh were worth $46,534,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Southpoint Capital Advisors LP purchased a new stake in shares of Oshkosh during the fourth quarter worth $175,882,000. Norges Bank purchased a new position in Oshkosh in the fourth quarter valued at about $127,907,000. First Trust Advisors LP grew its stake in Oshkosh by 408.7% in the fourth 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 in the last quarter. Alliancebernstein L.P. increased its position in Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after purchasing an additional 822,874 shares during the last quarter. Finally, Capital Research Global Investors increased its position in Oshkosh by 143.9% in the 4th quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock worth $149,896,000 after purchasing an additional 704,022 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $154.51 on Tuesday. The stock has a market capitalization of $9.63 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.77 and a beta of 1.23. The business has a 50-day moving average of $139.28 and a two-hundred day moving average of $148.14. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.83.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the company posted $1.92 EPS. The business’s revenue was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, equities research analysts predict that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s dividend payout ratio is presently 25.39%.

Analyst Ratings Changes

Several brokerages have recently issued reports on OSK. JPMorgan Chase & Co. reduced their price target on Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Citigroup lowered shares of Oshkosh from a “buy” rating to a “neutral” rating and cut their price objective for the company from $180.00 to $170.00 in a research report on Monday, April 13th. Robert W. Baird decreased their target price on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Finally, Truist Financial boosted their target price on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

Insider Buying and Selling

In other news, Director Duncan Palmer sold 505 shares of Oshkosh stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the transaction, the director owned 39,684 shares of the company’s stock, valued at $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by company insiders.

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.