Texas Attorney General Investigates Firetruck Manufacturers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2026
0mins
Should l Buy OSK?
Texas Attorney General Ken Paxton has opened an investigation into firetruck manufacturers for potential anticompetitive conduct following complaints raised by Texas municipalities and their fire departments. In recent years, fire departments across Texas have experienced dramatic price increases for essential firefighting equipment-including aerial ladder trucks, pumper engines, tanker trucks, and rescue vehicles-along with significant delays in delivery. This has strained local budgets and forced firefighters to rely on aging or inadequate fleets, hampering their ability to protect Texas communities. These price spikes, often reaching hundreds of thousands of dollars per vehicle, have coincided with industry consolidation and suspicious plant closures during peak demand. The manufacturers under investigation include REV Group (REVG), Oshkosh Corporation (OSK), and Rosenbauer Group. Attorney General Paxton has issued Civil Investigative Demands demanding documents and information related to their business practices from all three companies as part of this ongoing investigation.
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Analyst Views on OSK
Wall Street analysts forecast OSK stock price to fall
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 156.360
Low
132.00
Averages
152.40
High
180.00
Current: 156.360
Low
132.00
Averages
152.40
High
180.00
About OSK
Oshkosh Corporation is an industrial company focused on the designing, development and manufacturing of purpose-built vehicles and equipment. It operates through three segments. Access segment designs and manufactures access and material handling equipment for use in a range of construction, industrial, agricultural, vegetation management, and maintenance applications to position workers and materials at height under brands, JLG and SkyTrak. The segment's customer base includes equipment rental companies, construction contractors, manufacturing companies and home improvement centers. The segment also includes Jerr-Dan towing and recovery vehicles. Defense segment designs, manufactures and sustains specialty vehicles and mobility systems for the United States Department of Defense and exports tactical wheeled vehicles to approved foreign customers. Vocational segment includes the Pierce, Maxi-Metal, McNeilus, AeroTech, IMT, Frontline Communications and Oshkosh S-Series businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Conference Participation: Oshkosh Corporation will participate in J.P. Morgan's 2026 Industrial Conference on March 18, 2026, at 1:35 p.m. EDT, with President and CEO John Pfeifer representing the company to showcase its innovations in purpose-built vehicles and equipment.
- Live Webcast: The event will be accessible via a live webcast on Oshkosh's official website, allowing global investors and stakeholders to stay updated on the company's latest developments, which is expected to enhance investor confidence and engagement.
- Replay Availability: A replay of the webcast will be available approximately two hours after the event concludes, ensuring that investors who cannot attend live can still access critical information, thereby improving the company's transparency and information dissemination efficiency.
- Company Background: Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide and is dedicated to manufacturing innovative purpose-built vehicles and equipment, with products available in over 150 countries, highlighting its global market influence and business expansion potential.
See More
Oshkosh Corporation to Participate in J.P. Morgan's 2026 Industrial Conference
- Executive Participation: Oshkosh Corporation's CEO John Pfeifer will speak at J.P. Morgan's Industrial Conference on March 18, 2026, at 1:35 p.m. EDT, showcasing the company's innovations in purpose-built vehicles and equipment, which is expected to attract investor and industry attention.
- Live Webcast Available: The event will be webcast live on Oshkosh's website, allowing global investors to stay updated on the company's latest developments, with a replay available approximately two hours after the event, enhancing information transparency and investor relations.
- Global Impact: With operations in over 150 countries and more than 18,000 employees, Oshkosh is committed to improving community lives through innovative vehicles and equipment, demonstrating its strong global influence and social responsibility.
- Brand Diversity: Oshkosh boasts several well-known brands, including JLG, Pierce, and Oshkosh Defense, covering a wide range of market needs, further solidifying its leadership position and competitive edge in the industry.
See More
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- Small-Cap Performance Rebound: In the final quarter of 2025, the Russell 2000 index, which tracks small-cap stocks, began to significantly outperform the S&P 500 after a mere 4.5% gain in the first 11 months, indicating a strong rebound reminiscent of the late 1990s tech boom.
- Opportunities in Quality Large Caps: In the context of broadening market leadership, high-quality companies like Fiserv, which faced stock price declines due to earnings misses, still maintain solid fundamentals and may return to historical valuation levels, presenting investment opportunities.
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See More
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- Conference Participation: Oshkosh Corporation will participate in Citi's Global Industrial Tech and Mobility Conference on February 18, 2026, at 1:50 p.m. EST, showcasing its innovations in purpose-built vehicles and equipment, which is expected to attract investor and industry attention.
- Executive Presentation: Matthew Field, the executive vice president and CFO of Oshkosh, will represent the company, sharing insights on strategic direction and future development plans, aimed at bolstering investor confidence in the company.
- Live Webcast: The event will be accessible via a live webcast on Oshkosh's official website, allowing global investors to receive real-time information, with a replay available approximately two hours after the event concludes, further enhancing information dissemination.
- Company Background: Headquartered in Wisconsin, Oshkosh employs over 18,000 team members worldwide and is dedicated to manufacturing innovative purpose-built vehicles and equipment, with products sold in over 150 countries, demonstrating its extensive global market influence.
See More
Oshkosh to Present at J.P. Morgan Industrial Conference
- Conference Participation: Oshkosh Corporation will participate in J.P. Morgan's 2026 Industrial Conference on March 18, 2026, at 1:35 p.m. EDT, with President and CEO John Pfeifer representing the company to showcase its innovations in purpose-built vehicles and equipment.
- Live Webcast: The event will be accessible via a live webcast on Oshkosh's official website, allowing global investors and stakeholders to stay updated on the company's latest developments, which is expected to enhance investor confidence and engagement.
- Replay Availability: A replay of the webcast will be available approximately two hours after the event concludes, ensuring that investors who cannot attend live can still access critical information, thereby improving the company's transparency and information dissemination efficiency.
- Company Background: Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide and is dedicated to manufacturing innovative purpose-built vehicles and equipment, with products available in over 150 countries, highlighting its global market influence and business expansion potential.
See More
Oshkosh Corporation to Participate in J.P. Morgan's 2026 Industrial Conference
- Executive Participation: Oshkosh Corporation's CEO John Pfeifer will speak at J.P. Morgan's Industrial Conference on March 18, 2026, at 1:35 p.m. EDT, showcasing the company's innovations in purpose-built vehicles and equipment, which is expected to attract investor and industry attention.
- Live Webcast Available: The event will be webcast live on Oshkosh's website, allowing global investors to stay updated on the company's latest developments, with a replay available approximately two hours after the event, enhancing information transparency and investor relations.
- Global Impact: With operations in over 150 countries and more than 18,000 employees, Oshkosh is committed to improving community lives through innovative vehicles and equipment, demonstrating its strong global influence and social responsibility.
- Brand Diversity: Oshkosh boasts several well-known brands, including JLG, Pierce, and Oshkosh Defense, covering a wide range of market needs, further solidifying its leadership position and competitive edge in the industry.
See More
Atlantic Investment Management Acquires Stake in Kirby Corporation
- New Investment Position: On February 17, 2026, Atlantic Investment Management disclosed a new position in Kirby Corporation by acquiring 223,000 shares for approximately $24.57 million, indicating strong confidence in the company's growth potential.
- Asset Allocation Enhancement: This acquisition represents 13.8% of Atlantic's 13F reportable assets, effectively optimizing its portfolio alongside major holdings like Axalta and Flowserve, thereby enhancing overall portfolio stability.
- Strong Performance Metrics: Kirby Corporation reported a diluted EPS of $6.33 for 2025, reflecting a 28.8% increase year-over-year, with a fourth-quarter operating margin of 20.8%, underscoring its robust performance and profitability in the marine transportation sector.
- Positive Market Outlook: Management anticipates flat to 12% growth in earnings for 2026, supported by a low 90% inland utilization rate and firming pricing trends, indicating Kirby's long-term investment value in energy logistics and infrastructure.
See More
Ten-Year Review: Performance of Five Stocks in a Bear Market
- Market Performance Comparison: Over the past decade, the S&P 500 has risen by 274.3%, while the average return of the five stocks stands at 568.5%, highlighting the potential and importance of stock selection during bear markets.
- Carter's Poor Performance: Carter's stock price fell from $85.04 to $38.07, a 55% decline, primarily due to a decreasing birth rate in the U.S. and a deteriorating retail environment, leading to insufficient demand and margin compression.
- Challenges for IPG Photonics: Although IPG Photonics' stock rose from $81.59 to $113.26, a 39% increase, it faced four consecutive years of declining revenue, indicating intensified industry competition and weak market demand.
- Mercado Libre's Success: Mercado Libre's stock skyrocketed from $87.71 to $2041.50, a staggering 2227.6% increase, driven by its dominant market position in Latin America and robust growth in e-commerce, providing substantial returns for investors.
See More
Market Leadership Shift and Small-Cap Surge
- Market Leadership Change: As investor focus shifts from the 'Magnificent Seven' tech stocks to previously lagging sectors like healthcare, energy, and financials, opportunities arise for investors to uncover quality stocks in the current market environment.
- Small-Cap Performance Rebound: In the final quarter of 2025, the Russell 2000 index, which tracks small-cap stocks, began to significantly outperform the S&P 500 after a mere 4.5% gain in the first 11 months, indicating a strong rebound reminiscent of the late 1990s tech boom.
- Opportunities in Quality Large Caps: In the context of broadening market leadership, high-quality companies like Fiserv, which faced stock price declines due to earnings misses, still maintain solid fundamentals and may return to historical valuation levels, presenting investment opportunities.
- Defense Spending and Infrastructure Growth: Oshkosh benefits from sustained U.S. defense spending and infrastructure buildout, trading at a significant discount compared to large industrial peers like Caterpillar and Deere, highlighting its attractiveness and growth potential in the current market.
See More
Oshkosh Corporation to Speak at Citi Conference
- Conference Participation: Oshkosh Corporation will participate in Citi's Global Industrial Tech and Mobility Conference on February 18, 2026, at 1:50 p.m. EST, showcasing its innovations in purpose-built vehicles and equipment, which is expected to attract investor and industry attention.
- Executive Presentation: Matthew Field, the executive vice president and CFO of Oshkosh, will represent the company, sharing insights on strategic direction and future development plans, aimed at bolstering investor confidence in the company.
- Live Webcast: The event will be accessible via a live webcast on Oshkosh's official website, allowing global investors to receive real-time information, with a replay available approximately two hours after the event concludes, further enhancing information dissemination.
- Company Background: Headquartered in Wisconsin, Oshkosh employs over 18,000 team members worldwide and is dedicated to manufacturing innovative purpose-built vehicles and equipment, with products sold in over 150 countries, demonstrating its extensive global market influence.
See More
