Redwood Grove Capital LLC Invests $4.88 Million in Oshkosh Corporation $OSK

Redwood Grove Capital LLC bought a new stake in Oshkosh Corporation (NYSE:OSK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,800 shares of the company’s stock, valued at approximately $4,881,000. Oshkosh makes up approximately 1.2% of Redwood Grove Capital LLC’s investment portfolio, making the stock its 23rd biggest position. Redwood Grove Capital LLC owned approximately 0.05% of Oshkosh at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of OSK. Tower View Wealth Management LLC purchased a new position in Oshkosh during the 1st quarter worth $29,000. Torren Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at about $30,000. Fiduciary Financial Advisors bought a new position in shares of Oshkosh during the second quarter valued at about $38,000. Whittier Trust Co. boosted its holdings in Oshkosh by 33.7% during the first quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after purchasing an additional 94 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in 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 last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OSK shares. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley cut their target price on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Barclays upped their target price on Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. DA Davidson lifted their price target on Oshkosh from $168.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Truist Financial boosted their price objective on Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and a consensus price target of $170.71.

Oshkosh Stock Down 0.6%

Oshkosh stock opened at $155.36 on Wednesday. Oshkosh Corporation has a twelve month low of $116.77 and a twelve month high of $180.49. The firm has a 50 day moving average price of $148.33 and a 200-day moving average price of $148.24. The company has a market capitalization of $9.59 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.96 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.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 EPS for the quarter, topping 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 company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the firm posted $3.41 EPS. Oshkosh’s 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 predict that Oshkosh Corporation will post 10.72 EPS for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.57 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s payout ratio is presently 26.09%.

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.