State of Wyoming Buys Shares of 3,485 Oshkosh Corporation $OSK

State of Wyoming bought a new position in Oshkosh Corporation (NYSE:OSK) in the second quarter, Holdings Channel reports. The institutional investor bought 3,485 shares of the company’s stock, valued at approximately $535,000.

Several other institutional investors have also modified their holdings of the stock. Southpoint Capital Advisors LP acquired a new position in shares of Oshkosh during the 4th quarter valued at about $175,882,000. Norges Bank acquired a new stake in Oshkosh during the fourth quarter worth about $127,907,000. First Trust Advisors LP raised its stake in Oshkosh by 408.7% during the fourth quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock worth $152,490,000 after purchasing an additional 975,206 shares during the period. Alliancebernstein L.P. raised its stake in Oshkosh by 908.0% during the third quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after purchasing an additional 822,874 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Oshkosh by 143.9% in the 4th quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock valued at $149,896,000 after purchasing an additional 704,022 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK stock opened at $153.97 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The firm has a market cap of $9.51 billion, a P/E ratio of 17.62, a P/E/G ratio of 0.94 and a beta of 1.25. The firm’s 50 day moving average price is $146.03 and its 200-day moving average price is $148.19. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49.

Oshkosh (NYSE:OSK) last posted its earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.24. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities research analysts predict that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Barclays upped their price objective on Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Evercore reiterated an “outperform” rating and issued a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Finally, Morgan Stanley cut their target price on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.33.

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.