Foster & Motley Inc. Takes $575,000 Position in Oshkosh Corporation $OSK

Foster & Motley Inc. purchased a new position in Oshkosh Corporation (NYSE:OSK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,745 shares of the company’s stock, valued at approximately $575,000.

A number of other large investors also recently bought and sold shares of OSK. BlackRock Inc. bought a new position in Oshkosh in the 2nd quarter valued at $913,816,000. Southpoint Capital Advisors LP purchased a new stake in shares of Oshkosh during the fourth quarter valued at $175,882,000. Norges Bank bought a new position in shares of Oshkosh in the fourth quarter worth about $127,907,000. First Trust Advisors LP grew its holdings in shares of Oshkosh by 408.7% in the fourth quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock worth $152,490,000 after purchasing an additional 975,206 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake 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 buying an additional 822,874 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Up 1.5%

OSK opened at $149.85 on Thursday. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.91 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. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49. The stock has a fifty day moving average price of $146.79 and a 200-day moving average price of $148.23.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the business posted $3.41 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities research analysts anticipate that Oshkosh Corporation will post 10.72 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.57 per share. 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 dividend payout ratio is presently 26.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Evercore restated an “outperform” rating and issued a $181.00 target price on shares of Oshkosh in a research note on Monday, May 11th. Truist Financial lifted their price target on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. 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 research note on Tuesday, May 12th. Finally, Robert W. Baird lifted their target price on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.33.

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.