Murphy Middleton Hinkle & Parker Inc. Takes $2.24 Million Position in Oshkosh Corporation $OSK

Murphy Middleton Hinkle & Parker Inc. acquired a new position in Oshkosh Corporation (NYSE:OSK) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,569 shares of the company’s stock, valued at approximately $2,236,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Oshkosh in the second quarter valued at $913,816,000. Southpoint Capital Advisors LP purchased a new position in shares of Oshkosh during the fourth quarter valued at $175,882,000. Norges Bank purchased a new position in shares of Oshkosh during the fourth quarter valued at $127,907,000. First Trust Advisors LP raised its position in Oshkosh by 408.7% during the fourth quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock valued at $152,490,000 after buying an additional 975,206 shares during the period. Finally, Bank of America Corp DE acquired a new position in Oshkosh during the second quarter valued at $135,656,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of OSK opened at $147.58 on Wednesday. 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 $9.11 billion, a PE ratio of 16.89, a PEG ratio of 0.95 and a beta of 1.25. The firm’s 50 day moving average price is $149.74 and its 200 day moving average price is $147.63. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49.

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

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. Oshkosh’s dividend payout ratio is presently 26.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Robert W. Baird raised their price objective on Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Evercore reissued an “outperform” rating and issued a $181.00 price target on shares of Oshkosh in a research report on Monday, May 11th. Weiss Ratings upgraded shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Zacks Research upgraded shares of Oshkosh from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. boosted their price objective 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. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and an average target price of $170.71.

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.