Man Group plc Invests $4.75 Million in Oshkosh Corporation $OSK

Man Group plc purchased a new position in shares of Oshkosh Corporation (NYSE:OSK) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 30,920 shares of the company’s stock, valued at approximately $4,746,000.

Other institutional investors have also recently bought and sold shares of the company. Tower View Wealth Management LLC acquired a new stake in shares of Oshkosh during the 1st quarter worth about $29,000. Fiduciary Financial Advisors bought a new stake in shares of Oshkosh during the 2nd quarter valued at $38,000. Basepoint Wealth LLC acquired a new stake in Oshkosh during the fourth quarter worth about $51,000. Global Retirement Partners LLC increased its stake in Oshkosh by 284.9% in 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. raised its holdings in shares of Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

OSK has been the topic of several research reports. DA Davidson boosted 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. Weiss Ratings raised shares of Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Friday, August 21st. Barclays boosted their price target on shares of Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and an average price target of $170.71.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $154.37 on Monday. The stock has a market cap 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. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49. The company has a 50 day moving average of $149.34 and a 200 day moving average of $147.97. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. Oshkosh’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, sell-side analysts forecast 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. Shareholders of record on Thursday, August 13th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 13th. Oshkosh’s payout ratio is 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.