Baker Ellis Asset Management LLC Has $6.23 Million Stock Holdings in Oshkosh Corporation $OSK

Key Points

• Baker Ellis Asset Management LLC increased its holdings in Oshkosh Corporation by 55.4%, bringing its total stake to 54,872 shares worth $6.23 million.
• Oshkosh has received changing ratings from analysts, with KeyCorp raising the target price from $140.00 to $180.00, and Zacks upgrading the stock to a "strong-buy" rating.
• The company reported earnings exceeding analysts' expectations, with $3.41 EPS for the last quarter and a revenue of $2.73 billion, although it experienced a 4% year-over-year revenue decline.

Baker Ellis Asset Management LLC raised its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 55.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,872 shares of the company's stock after purchasing an additional 19,568 shares during the period. Baker Ellis Asset Management LLC owned 0.09% of Oshkosh worth $6,230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 127 shares during the last quarter. CX Institutional acquired a new stake in shares of Oshkosh in the first quarter worth $28,000. Golden State Wealth Management LLC grew its stake in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after acquiring an additional 186 shares during the last quarter. Signaturefd LLC grew its stake in shares of Oshkosh by 88.7% in the first quarter. Signaturefd LLC now owns 636 shares of the company's stock worth $60,000 after acquiring an additional 299 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of Oshkosh by 107.6% in the first quarter. Brooklyn Investment Group now owns 714 shares of the company's stock worth $67,000 after acquiring an additional 370 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OSK shares. KeyCorp raised their target price on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Zacks Research raised Oshkosh from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and raised their target price for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. Bank of America raised their target price on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Finally, DA Davidson set a $160.00 target price on Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.08.

Insider Activity

In other news, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the transaction, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the transaction, the chief marketing officer owned 10,459 shares of the company's stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $136.92 on Monday. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The firm has a market cap of $8.76 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The business has a fifty day moving average of $133.62 and a 200-day moving average of $110.38.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The company's revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities research analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh's payout ratio is presently 20.48%.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.

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