Oshkosh Corp (OSK)

Over the past six months, OSK's stock price has seen a positive trend, increasing by 10.34%. As of March 11, 2026, the share price was $152.40, representing a 59.45% increase over the past year, but in the last month, the stock experienced a decline of 16.63%. In Q3 CY2025, Oshkosh fell short of market revenue expectations, with sales declining 1.9% year-on-year to $2.69 billion, and full-year revenue guidance was lowered, but adjusted EPS beat estimates. In March 2026, the firm announced a quarterly dividend increase to $0.57 per share. Brokerages have given Oshkosh an average recommendation of "Moderate Buy," with recent price target upgrades from UBS and Citigroup. In Q1 FY2025, Oshkosh reported $2.3 billion in revenue, a 9% decrease year-over-year, primarily due to softer market conditions in the Access equipment segment, but adjusted EPS was in line with expectations.

Demand for Oshkosh Corporation's products and services can exhibit seasonality and cyclicality, particularly in certain segments. The Access Equipment segment is notably cyclical, with business varying with the broader economy. The Defense segment is highly contingent on U.S. government contracts, which can be unpredictable and materialize in bulk. The Vocational and Transport segments have historically shown more resilient demand. The company's free cash flow also reflects seasonal working capital needs.

Oshkosh Corporation is an American industrial company specializing in the design, manufacturing, and distribution of purpose-built vehicles and equipment globally, operating primarily within the Automotive and Defense sectors. Its business is segmented into Access Equipment, Defense, Fire & Emergency, and Commercial, producing a diverse range of high-quality capital equipment such as lifts, tactical vehicles, specialty trucks, truck bodies, and airport fire apparatus. The Access Equipment segment produces aerial work platforms and telehandlers through brands like JLG and SkyTrak, as well as Jerr-Dan towing and recovery vehicles. The Defense segment manufactures and sustains specialty vehicles and mobility systems for the U.S. Department of Defense and approved foreign customers. The Fire & Emergency segment specializes in custom and commercial firefighting vehicles, aircraft rescue and firefighting vehicles, and other emergency vehicles. The Commercial segment produces refuse collection vehicles, concrete mixers, field service vehicles, truck-mounted cranes, snow removal equipment, and airport ground support equipment. Oshkosh also produces the U.S. Postal Service's Next Generation Delivery Vehicle.

Headquartered in Oshkosh, Wisconsin, Oshkosh Corporation has a significant global presence, with manufacturing operations in eight U.S. states and in Australia, Canada, China, France, and Romania. The company also has investments in joint ventures in Mexico and Brazil. Oshkosh products and services are sold in over 150 countries worldwide, supported by a global service network. While 89% of Oshkosh's sales are in the U.S., the remaining 11% is split among Europe, Asia, and Africa.

Oshkosh Corporation has maintained a strong brand reputation over the past year, marked by several prestigious recognitions. Oshkosh was recognized in Fortune's World's Most Admired Companies for its commitment to innovation, sustainability, fiscal responsibility, and social impact. The company was included in the Dow Jones Sustainability World Index for its sustainable business practices. Oshkosh received accolades in Newsweek's America's Most Responsible and World's Most Trustworthy Companies. The company was recognized in USA Today's America's Climate Leaders 2024 for its environmental efforts. Oshkosh was recognized in Ethisphere's World's Most Ethical Companies for the 11th consecutive year, highlighting its ongoing commitment to integrity and ethical business practices. For the eighth consecutive year, Oshkosh was recognized as a CIO 100 Award Winner for information technology excellence and leveraging digital innovation.

Institutional investors hold a significant portion of Oshkosh Corporation's stock, with approximately 90.16% to 95.35% institutional ownership. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., Aristotle Capital Management, LLC, Dimensional Fund Advisors Lp, Greenhaven Associates Inc, and State Street Corp. Individual investors hold a smaller percentage, around 0.85%, with Stephen P. Mosling noted as the largest individual shareholder, owning 1.03% of the company's shares.