Oshkosh Corporation $OSK Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Oshkosh Corporation (NYSE:OSK) by 120.5% during the 1st quarter, HoldingsChannel reports. The fund owned 55,672 shares of the company’s stock after acquiring an additional 30,420 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Oshkosh were worth $8,298,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund purchased a new position in Oshkosh during the first quarter worth approximately $1,004,000. Sanctuary Advisors LLC grew its stake in shares of Oshkosh by 32.5% during the 1st quarter. Sanctuary Advisors LLC now owns 11,112 shares of the company’s stock valued at $1,636,000 after buying an additional 2,723 shares during the period. State of Michigan Retirement System grew its stake in shares of Oshkosh by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 15,208 shares of the company’s stock valued at $2,239,000 after buying an additional 300 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Oshkosh by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 141,227 shares of the company’s stock worth $20,790,000 after buying an additional 5,143 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Oshkosh by 22.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,142 shares of the company’s stock worth $466,000 after buying an additional 579 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the transaction, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Robert W. Baird cut their price objective on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a report on Thursday, April 9th. Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and reduced their price target for the company from $180.00 to $170.00 in a research report on Monday, April 13th. Finally, Evercore reiterated an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a research note on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.60.

Oshkosh Price Performance

Shares of NYSE OSK opened at $152.08 on Friday. Oshkosh Corporation has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The business has a 50 day moving average price of $137.93 and a two-hundred day moving average price of $147.95. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The firm has a market cap of $9.48 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 0.74 and a beta of 1.23.

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

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s payout ratio is presently 25.39%.

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.