Nierenberg Investment Management Company LLC Acquires Shares of 5,750 Oshkosh Corporation $OSK

Nierenberg Investment Management Company LLC acquired a new position in shares of Oshkosh Corporation (NYSE:OSK) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 5,750 shares of the company’s stock, valued at approximately $882,510,000. Oshkosh accounts for about 0.4% of Nierenberg Investment Management Company LLC’s portfolio, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Tower View Wealth Management LLC acquired a new position in shares of Oshkosh in the first quarter valued at approximately $29,000. Torren Management LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth $30,000. Basepoint Wealth LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth $51,000. Global Retirement Partners LLC lifted its holdings in shares of Oshkosh by 284.9% during the fourth quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock worth $51,000 after purchasing an additional 302 shares during the period. Finally, Whittier Trust Co. grew its position in 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 during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Stock Up 1.5%

Oshkosh stock opened at $149.85 on Thursday. The stock’s 50 day moving average price is $146.79 and its 200 day moving average price is $148.23. Oshkosh Corporation has a 1-year low of $116.77 and a 1-year high of $180.49. The company has a market cap of $9.25 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the business posted $3.41 earnings per share. Oshkosh’s 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. On average, sell-side analysts predict that Oshkosh Corporation will post 10.72 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is 26.09%.

Analyst Ratings Changes

OSK has been the topic of several recent research reports. 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 note on Wednesday, July 29th. Morgan Stanley reduced their target price on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Zacks Research downgraded shares of Oshkosh from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Finally, Evercore reissued an “outperform” rating and set a $181.00 price target on shares of Oshkosh in a report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.