Norges Bank Makes New Investment in Oshkosh Corporation $OSK

Norges Bank acquired a new stake in Oshkosh Corporation (NYSE:OSK) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,018,125 shares of the company’s stock, valued at approximately $127,907,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OSK. Alliancebernstein L.P. increased its position in Oshkosh by 908.0% in 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. Capital Research Global Investors acquired a new position in Oshkosh during the 3rd quarter valued at about $63,441,000. Thrivent Financial for Lutherans boosted its stake in shares of Oshkosh by 1,945.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 425,600 shares of the company’s stock valued at $53,468,000 after purchasing an additional 404,788 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Oshkosh by 1,904.0% in the 4th quarter. Truist Financial Corp now owns 399,046 shares of the company’s stock valued at $50,132,000 after purchasing an additional 379,134 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Oshkosh by 162.3% during the 3rd quarter. UBS Group AG now owns 603,041 shares of the company’s stock worth $78,214,000 after buying an additional 373,172 shares during the period. Institutional investors own 92.36% of the company’s stock.

Insider Buying and Selling

In related news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction 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 sale, the director owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSK. JPMorgan Chase & Co. dropped their price target on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Wells Fargo & Company lifted their target price on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Truist Financial reissued a “hold” rating and issued a $176.00 price target (down from $183.00) on shares of Oshkosh in a research note on Monday, May 11th. Finally, Sanford C. Bernstein set a $138.00 price target on Oshkosh in a research report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.38.

Oshkosh Stock Down 0.9%

Oshkosh stock opened at $132.82 on Friday. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 0.66 and a beta of 1.26. The company’s 50 day simple moving average is $140.90 and its 200 day simple moving average is $144.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.83. Oshkosh Corporation has a fifty-two week low of $103.13 and a fifty-two week high of $180.49.

Oshkosh (NYSE:OSK) last issued its earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.19). The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.29 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, sell-side analysts anticipate that Oshkosh Corporation will post 11 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be given a $0.57 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.7%. Oshkosh’s dividend payout ratio is currently 25.39%.

Oshkosh 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.