Pallas Capital Advisors LLC Buys New Position in Oshkosh Corporation $OSK

Pallas Capital Advisors LLC purchased a new position in shares of Oshkosh Corporation (NYSE:OSK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,862 shares of the company’s stock, valued at approximately $2,281,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower View Wealth Management LLC acquired a new stake in shares of Oshkosh during the first quarter worth $29,000. Torren Management LLC acquired a new position in Oshkosh in the fourth quarter valued at $30,000. Basepoint Wealth LLC acquired a new position in Oshkosh in the fourth quarter valued at $51,000. Global Retirement Partners LLC boosted its position in Oshkosh by 284.9% during the fourth quarter. Global Retirement Partners LLC now owns 408 shares of the company’s stock valued at $51,000 after acquiring an additional 302 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in Oshkosh by 33.7% during the first quarter. Whittier Trust Co. now owns 373 shares of the company’s stock valued at $55,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK opened at $153.97 on Tuesday. Oshkosh Corporation has a one year low of $116.77 and a one year high of $180.49. The company has a market cap of $9.51 billion, a PE ratio of 17.62, a P/E/G ratio of 0.94 and a beta of 1.25. The stock has a 50-day moving average of $146.03 and a 200-day moving average of $148.19. 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 posted its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, equities research analysts predict that Oshkosh Corporation will post 10.72 EPS for the current fiscal year.

Oshkosh Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on OSK. JPMorgan Chase & Co. upped their target price on Oshkosh from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Robert W. Baird boosted their price target on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Morgan Stanley cut their price target on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Evercore reaffirmed an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a research report on Monday, May 11th. Finally, Truist Financial lifted their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.