Equity Investment Corp Invests $91.73 Million in Oshkosh Corporation $OSK

Equity Investment Corp purchased a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the second quarter, according to its most recent filing with the SEC. The firm purchased 597,697 shares of the company’s stock, valued at approximately $91,735,000.

Several other hedge funds also recently bought and sold shares of OSK. BlackRock Inc. purchased a new stake in Oshkosh in the 2nd quarter worth approximately $913,816,000. Dimensional Fund Advisors LP lifted its holdings in shares of Oshkosh by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock valued at $449,166,000 after acquiring an additional 46,306 shares in the last quarter. LSV Asset Management boosted its position in shares of Oshkosh by 0.9% in the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock worth $240,427,000 after buying an additional 17,944 shares during the period. Invesco Ltd. grew its position in Oshkosh by 20.4% in the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock valued at $223,337,000 after acquiring an additional 300,766 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Oshkosh by 25.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after buying an additional 345,782 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 4.0%

NYSE OSK opened at $147.88 on Wednesday. The firm’s 50 day moving average price is $146.33 and its two-hundred day moving average price is $148.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.94 and a beta of 1.25.

Oshkosh (NYSE:OSK) last posted 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 during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the firm earned $3.41 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities analysts anticipate that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s payout ratio is presently 26.09%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial boosted their price objective on Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised their price objective on Oshkosh from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. DA Davidson lifted their price objective on shares of Oshkosh from $168.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Robert W. Baird increased their target price on shares of Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Evercore reaffirmed an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.