Fifth Third Bancorp Buys 23,310 Shares of Oshkosh Corporation $OSK

Fifth Third Bancorp increased its stake in Oshkosh Corporation (NYSE:OSK) by 2,025.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,461 shares of the company’s stock after acquiring an additional 23,310 shares during the quarter. Fifth Third Bancorp’s holdings in Oshkosh were worth $3,601,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OSK. Dimensional Fund Advisors LP increased its position in shares of Oshkosh by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,005,205 shares of the company’s stock worth $377,547,000 after buying an additional 175,139 shares during the period. LSV Asset Management lifted its holdings in Oshkosh by 0.9% in the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock valued at $240,427,000 after buying an additional 17,944 shares during the period. Invesco Ltd. boosted its position in Oshkosh by 20.4% during 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 during the last quarter. AQR Capital Management LLC boosted its position in Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after acquiring an additional 345,782 shares during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in Oshkosh during the 4th quarter worth about $175,882,000. Institutional investors own 92.36% of the company’s stock.

Insider Activity at Oshkosh

In other news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the sale, the director owned 39,684 shares in the company, valued at $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by corporate insiders.

Oshkosh Price Performance

OSK stock opened at $143.41 on Monday. The stock has a market capitalization of $8.94 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.71 and a beta of 1.23. The company’s 50-day moving average is $136.49 and its 200-day moving average is $147.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.83. Oshkosh Corporation has a 1 year low of $116.77 and a 1 year high of $180.49.

Oshkosh (NYSE:OSK) last issued its earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities research analysts expect that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is 25.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OSK shares. Weiss Ratings raised Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. lowered their target price on Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Robert W. Baird dropped their price target on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Morgan Stanley cut their price target on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Finally, Citigroup downgraded shares of Oshkosh from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $180.00 to $170.00 in a research report on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $168.60.

About Oshkosh

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.