Paralel Advisors LLC Takes $2.41 Million Position in Oshkosh Corporation $OSK

Paralel Advisors LLC acquired a new position in Oshkosh Corporation (NYSE:OSK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,694 shares of the company’s stock, valued at approximately $2,409,000.

A number of other hedge funds also recently bought and sold shares of OSK. Allworth Financial LP purchased a new position in shares of Oshkosh in the 2nd quarter valued at $449,000. Vise Technologies Inc. purchased a new stake in shares of Oshkosh during the 2nd quarter worth $323,000. Nierenberg Investment Management Company LLC bought a new stake in Oshkosh during the second quarter valued at about $882,510,000. Denali Advisors LLC boosted its position in Oshkosh by 24.9% during the second quarter. Denali Advisors LLC now owns 2,005 shares of the company’s stock valued at $308,000 after purchasing an additional 400 shares in the last quarter. Finally, NewEdge Wealth LLC purchased a new position in Oshkosh in the second quarter valued at about $257,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on OSK shares. Morgan Stanley reduced their target price on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. Evercore reiterated an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a research note on Monday, May 11th. Barclays increased their price target on shares of Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. DA Davidson lifted their price objective on Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.33.

Oshkosh Stock Up 1.9%

Shares of NYSE OSK opened at $152.72 on Friday. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25. The company’s 50-day simple moving average is $147.15 and its 200-day simple moving average is $148.29. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week 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 (EPS) 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 return on equity of 12.95% and a net margin of 5.24%.Oshkosh’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities analysts predict that Oshkosh Corporation will post 10.72 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.57 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. Oshkosh’s dividend payout ratio (DPR) is presently 26.09%.

Oshkosh Company 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.