Bowen Hanes & Co. Inc. Invests $40.83 Million in Oshkosh Corporation $OSK

Bowen Hanes & Co. Inc. acquired a new stake in shares of Oshkosh Corporation (NYSE:OSK) during the 1st quarter, Holdings Channel reports. The fund acquired 277,380 shares of the company’s stock, valued at approximately $40,833,000.

Other hedge funds have also recently bought and sold shares of the company. Southpoint Capital Advisors LP acquired a new stake in shares of Oshkosh during the fourth quarter worth $175,882,000. Norges Bank acquired a new position in Oshkosh in the fourth quarter valued at $127,907,000. First Trust Advisors LP lifted 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 worth $152,490,000 after buying an additional 975,206 shares during the period. Alliancebernstein L.P. grew its holdings in Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock valued at $118,481,000 after buying an additional 822,874 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of Oshkosh by 143.9% during the 4th quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock valued at $149,896,000 after acquiring an additional 704,022 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Up 2.3%

Shares of OSK opened at $152.08 on Friday. The stock’s 50-day moving average is $137.93 and its two-hundred day moving average is $147.95. The stock has a market cap of $9.48 billion, a PE ratio of 16.94, a P/E/G ratio of 0.74 and a beta of 1.23. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49. 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 (NYSE:OSK) last released its quarterly 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 company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $1.92 earnings per share. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities analysts forecast that Oshkosh Corporation will post 10.87 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is presently 25.39%.

Insiders Place Their Bets

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the completion of the transaction, the director directly owned 39,684 shares of the company’s stock, valued at $5,312,100.24. This represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating on the stock 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. Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $180.00 to $170.00 in a research note on Monday, April 13th. Truist Financial upped their price objective on Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and a consensus price target of $168.60.

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.