Legal & General Group Plc Makes New $12.88 Million Investment in Oshkosh Corporation $OSK

Legal & General Group Plc bought a new position in Oshkosh Corporation (NYSE:OSK) in the 2nd quarter, Holdings Channel reports. The firm bought 83,894 shares of the company’s stock, valued at approximately $12,876,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSK. The Manufacturers Life Insurance Company purchased a new position in shares of Oshkosh during the second quarter valued at $6,588,000. Fiduciary Financial Advisors bought a new stake in shares of Oshkosh in the second quarter valued at about $38,000. Aberdeen Wealth Management LLC purchased a new stake in Oshkosh in the second quarter worth about $84,000. Sanctuary Advisors LLC bought a new position in Oshkosh during the 2nd quarter worth about $1,915,000. Finally, PEAK6 LLC bought a new position in Oshkosh during the 2nd quarter worth about $4,920,000. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on OSK. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded 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 objective on shares of Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Barclays boosted their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Robert W. Baird upped their target price on Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.71.

Oshkosh Stock Up 0.3%

Oshkosh stock opened at $154.46 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.94 and a beta of 1.25. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49. The business has a fifty day moving average price of $149.59 and a 200-day moving average price of $147.82.

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

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.57 per share. The ex-dividend date was 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%.

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.