Nierenberg Investment Management Company LLC Takes Position in Oshkosh Corporation $OSK

Nierenberg Investment Management Company LLC bought a new position in shares of Oshkosh Corporation (NYSE:OSK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,750 shares of the company’s stock, valued at approximately $882,510,000. Oshkosh makes up approximately 0.4% of Nierenberg Investment Management Company LLC’s portfolio, making the stock its 23rd largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tower View Wealth Management LLC acquired a new position in Oshkosh in the first quarter valued at approximately $29,000. Torren Management LLC acquired a new stake in Oshkosh during the fourth quarter worth approximately $30,000. Basepoint Wealth LLC purchased a new stake in shares of Oshkosh during the 4th quarter worth approximately $51,000. Global Retirement Partners LLC lifted its position in shares of Oshkosh by 284.9% during the 4th quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock worth $51,000 after buying an additional 302 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of Oshkosh by 33.7% in the 1st quarter. Whittier Trust Co. now owns 373 shares of the company’s stock valued at $55,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

OSK stock opened at $149.85 on Thursday. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $9.25 billion, a P/E ratio of 17.15, a PEG ratio of 0.91 and a beta of 1.25. The business has a 50 day simple moving average of $146.79 and a 200-day simple moving average of $148.23. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49.

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

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be 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 is Thursday, August 13th. Oshkosh’s dividend payout ratio (DPR) is presently 26.09%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Truist Financial boosted their price target on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Evercore restated an “outperform” rating and issued a $181.00 price objective on shares of Oshkosh in a research note on Monday, May 11th. Weiss Ratings raised Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Finally, Wall Street Zen cut Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.