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% during the 3rd quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in OSK. Kodai Capital Management LP bought a new stake in Oshkosh during the first quarter worth $7,077,000. Ieq Capital LLC bought a new position in Oshkosh during the 1st quarter valued at $7,682,000. OMNI 360 Wealth Inc. bought a new position in Oshkosh during the 2nd quarter valued at $237,000. Amundi boosted its holdings in Oshkosh by 104.1% during the 1st quarter. Amundi now owns 31,359 shares of the company’s stock worth $2,715,000 after acquiring an additional 15,995 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new stake in shares of Oshkosh in the 1st quarter worth $226,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Up 0.1%

NYSE:OSK opened at $130.54 on Friday. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $144.30. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $127.98 and its 200 day moving average is $128.64. The stock has a market capitalization of $8.26 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41.

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

Oshkosh Announces Dividend

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

Wall Street Analyst Weigh In

OSK has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Sanford C. Bernstein lifted their target price on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Zacks Research lowered Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Barclays began coverage on Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price target for the company. Finally, Argus cut their price objective on Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.56.

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.