Redwood Grove Capital LLC Takes Position in Oshkosh Corporation $OSK

Redwood Grove Capital LLC purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 31,800 shares of the company’s stock, valued at approximately $4,881,000. Oshkosh makes up approximately 1.2% of Redwood Grove Capital LLC’s holdings, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in Oshkosh by 43.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock valued at $21,180,000 after buying an additional 68,165 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Oshkosh by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after acquiring an additional 14,122 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Oshkosh in the first quarter worth $567,000. Sivia Capital Partners LLC purchased a new position in shares of Oshkosh in the second quarter valued at $325,000. Finally, California Public Employees Retirement System raised its stake in shares of Oshkosh by 1.3% during the 2nd quarter. California Public Employees Retirement System now owns 111,199 shares of the company’s stock valued at $12,626,000 after purchasing an additional 1,404 shares during the period. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Performance

Shares of OSK opened at $155.36 on Wednesday. The company has a market cap of $9.59 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. 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 stock has a 50-day moving average price of $148.33 and a 200-day moving average price of $148.24. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.24. The company 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%. Oshkosh’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities analysts forecast that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

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 issued a $0.57 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is presently 26.09%.

Wall Street Analysts Forecast Growth

OSK has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their target price on Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. DA Davidson upped their price target on Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Finally, Barclays raised their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average 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.