Jupiter Topco LLC Makes New Investment in Oshkosh Corporation $OSK

Jupiter Topco LLC bought a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the second quarter, HoldingsChannel reports. The institutional investor bought 40,521 shares of the company’s stock, valued at approximately $6,218,000.

Several other hedge funds have also made changes to their positions in OSK. Goldman Sachs Group Inc. raised its holdings in shares of Oshkosh by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock valued at $21,180,000 after acquiring an additional 68,165 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Oshkosh by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock worth $17,705,000 after acquiring an additional 14,122 shares in the last quarter. Focus Partners Wealth bought a new position in Oshkosh during the 1st quarter worth about $567,000. Sivia Capital Partners LLC purchased a new position in Oshkosh during the 2nd quarter valued at about $325,000. Finally, California Public Employees Retirement System increased its position in Oshkosh by 1.3% during the 2nd quarter. California Public Employees Retirement System now owns 111,199 shares of the company’s stock valued at $12,626,000 after purchasing an additional 1,404 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Up 0.3%

Shares of Oshkosh stock opened at $154.46 on Tuesday. The firm’s 50 day moving average price is $149.59 and its 200-day moving average price is $147.82. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week high of $180.49. The company has a market cap of $9.54 billion, a P/E ratio of 17.67, a PEG ratio of 0.94 and a beta of 1.25.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.63 by $0.24. The firm had revenue of $2.92 billion during 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 revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, sell-side analysts predict that Oshkosh Corporation will post 10.72 EPS for the current fiscal year.

Oshkosh Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. DA Davidson lifted their price objective on shares of Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Barclays upped their target price on Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st. Eleven investment 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, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $170.71.

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.