Principal Financial Group Inc. Has $20.79 Million Holdings in Oshkosh Corporation $OSK

Principal Financial Group Inc. increased its holdings in Oshkosh Corporation (NYSE:OSK) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,227 shares of the company’s stock after purchasing an additional 5,143 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Oshkosh worth $20,790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower View Wealth Management LLC bought a new stake in shares of Oshkosh in the 1st quarter valued at about $29,000. Torren Management LLC bought a new position in shares of Oshkosh during the fourth quarter worth about $30,000. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh in the fourth quarter worth approximately $44,000. Whittier Trust Co. lifted its stake in shares of Oshkosh by 33.7% in the first quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after acquiring an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC bought a new stake in Oshkosh in the fourth quarter valued at approximately $47,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OSK. Robert W. Baird decreased their target price on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. JPMorgan Chase & Co. dropped their price target on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Truist Financial upped their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $180.00 to $170.00 in a research report on Monday, April 13th. Finally, Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.60.

Insider Buying and Selling

In related news, Director Duncan Palmer sold 505 shares of the company’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 transaction, the director directly owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by insiders.

Oshkosh Stock Up 3.2%

Shares of NYSE OSK opened at $146.48 on Wednesday. The firm has a market cap of $9.13 billion, a PE ratio of 16.31, a P/E/G ratio of 0.70 and a beta of 1.23. Oshkosh Corporation has a 12-month low of $116.77 and a 12-month high of $180.49. The company’s fifty day simple moving average is $136.93 and its 200 day simple moving average is $147.65. The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 0.13.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.85 earnings per share 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 the consensus estimate of $2.29 billion. During the same period last year, the firm posted $1.92 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, sell-side analysts forecast that Oshkosh Corporation will post 10.87 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were given 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 payout ratio is presently 25.39%.

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.