Baker Ellis Asset Management LLC Buys 19,568 Shares of 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 boosted its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 55.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. 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 filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. OMNI 360 Wealth Inc. acquired a new position in Oshkosh during the second quarter worth approximately $237,000. First Financial Bank Trust Division acquired a new position in Oshkosh during the second quarter worth approximately $232,000. Voya Investment Management LLC increased its position in Oshkosh by 4.6% during the first quarter. Voya Investment Management LLC now owns 9,926 shares of the company's stock worth $934,000 after buying an additional 440 shares during the last quarter. Strs Ohio acquired a new position in Oshkosh during the first quarter worth approximately $1,447,000. Finally, Focus Partners Wealth acquired a new position in shares of Oshkosh in the first quarter valued at approximately $567,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value 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. This represents a 22.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of 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 corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OSK. JPMorgan Chase & Co. upped their target price on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Robert W. Baird upped their target price on Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. UBS Group set a $164.00 target price on Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Bank of America upped their target price on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Finally, Wall Street Zen raised Oshkosh from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Oshkosh has an average rating of "Moderate Buy" and a consensus target price of $138.08.

Oshkosh Price Performance

Shares of OSK stock traded down $2.85 during trading hours on Friday, reaching $133.42. The company's stock had a trading volume of 258,571 shares, compared to its average volume of 751,860. The firm's 50 day simple moving average is $134.40 and its 200-day simple moving average is $111.21. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.66 and a beta of 1.49. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Sell-side analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is currently 20.48%.

Oshkosh Profile

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.