Thrivent Financial for Lutherans Raises Holdings in Oshkosh Corporation $OSK

Thrivent Financial for Lutherans lifted its position in shares of Oshkosh Corporation (NYSE:OSK) by 30.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,905 shares of the company’s stock after buying an additional 4,650 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Oshkosh were worth $2,260,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OSK. Cresset Asset Management LLC bought a new stake in shares of Oshkosh in the first quarter valued at about $213,000. Raymond James Financial Inc. raised its holdings in shares of Oshkosh by 6.8% in the 1st quarter. Raymond James Financial Inc. now owns 95,095 shares of the company’s stock valued at $8,947,000 after purchasing an additional 6,032 shares in the last quarter. Northern Trust Corp lifted its position in shares of Oshkosh by 2.9% in the 1st quarter. Northern Trust Corp now owns 674,682 shares of the company’s stock worth $63,474,000 after purchasing an additional 19,118 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Oshkosh by 33.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,959 shares of the company’s stock worth $184,000 after purchasing an additional 491 shares during the period. Finally, Comerica Bank boosted its stake in shares of Oshkosh by 35.9% during the first quarter. Comerica Bank now owns 40,214 shares of the company’s stock valued at $3,783,000 after purchasing an additional 10,633 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 0.1%

Shares of NYSE:OSK opened at $130.94 on Wednesday. The business’s 50-day moving average is $128.24 and its 200 day moving average is $128.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. Oshkosh Corporation has a 1 year low of $76.82 and a 1 year high of $144.30. The firm has a market capitalization of $8.28 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.66 and a beta of 1.41.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company earned $2.93 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, research analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, November 17th. Oshkosh’s payout ratio is currently 19.90%.

Wall Street Analysts Forecast Growth

OSK has been the subject of a number of recent research reports. Citigroup reduced their price objective on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial reduced their price target on Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Zacks Research downgraded Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.56.

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.