The Manufacturers Life Insurance Company Takes $6.59 Million Position in Oshkosh Corporation $OSK

The Manufacturers Life Insurance Company purchased a new position in shares of Oshkosh Corporation (NYSE:OSK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 42,924 shares of the company’s stock, valued at approximately $6,588,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower View Wealth Management LLC purchased a new position in shares of Oshkosh in the first quarter worth about $29,000. Fiduciary Financial Advisors purchased a new stake in shares of Oshkosh during the 2nd quarter valued at approximately $38,000. Whittier Trust Co. lifted its stake in shares of Oshkosh by 33.7% during 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. Global Retirement Partners LLC boosted its holdings in Oshkosh by 284.9% in 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 period. Finally, Basepoint Wealth LLC purchased a new position in Oshkosh in the 4th quarter valued at approximately $51,000. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OSK has been the topic of several recent research reports. Weiss Ratings upgraded Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Truist Financial increased 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. DA Davidson raised their target price on Oshkosh from $168.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Morgan Stanley reduced their target price on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upped their price target on Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.71.

Oshkosh Price Performance

Shares of NYSE OSK opened at $154.37 on Monday. The firm has a market capitalization of $9.53 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.94 and a beta of 1.25. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $149.34 and its two-hundred day simple moving average is $147.97. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49.

Oshkosh (NYSE:OSK) last issued 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 company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.80 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.Oshkosh’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.41 earnings per share. 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 fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.57 dividend. The ex-dividend date of this dividend was 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 presently 26.09%.

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.