Voya Investment Management LLC Acquires 15,913 Shares of Oshkosh Corporation $OSK

Voya Investment Management LLC boosted its holdings in Oshkosh Corporation (NYSE:OSK) by 171.3% in the third quarter, Holdings Channel reports. The institutional investor owned 25,200 shares of the company’s stock after acquiring an additional 15,913 shares during the quarter. Voya Investment Management LLC’s holdings in Oshkosh were worth $3,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ProShare Advisors LLC boosted its holdings in shares of Oshkosh by 3.1% in the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after acquiring an additional 87 shares during the period. Tower Research Capital LLC TRC boosted its stake in Oshkosh by 6.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after purchasing an additional 100 shares during the period. Farther Finance Advisors LLC grew its holdings in Oshkosh by 21.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after buying an additional 106 shares in the last quarter. Whittier Trust Co. grew its holdings in Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 114 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Oshkosh by 30.8% in the second quarter. Geneos Wealth Management Inc. now owns 594 shares of the company’s stock worth $67,000 after buying an additional 140 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on OSK shares. Wells Fargo & Company began coverage on shares of Oshkosh in a research note on Thursday, November 13th. They set an “overweight” rating and a $144.00 price objective for the company. Citigroup reduced their price target on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Morgan Stanley lifted their price objective on Oshkosh from $136.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Finally, Zacks Research lowered Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.56.

Oshkosh Stock Performance

NYSE OSK opened at $130.54 on Friday. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The company has a fifty day moving average of $127.98 and a 200-day moving average of $128.64. The company has a market capitalization of $8.26 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.65 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the business posted $2.93 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.6%. Oshkosh’s dividend payout ratio is currently 19.90%.

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.