Baker Ellis Asset Management LLC Grows Stake in Oshkosh Co. (NYSE:OSK)

Baker Ellis Asset Management LLC boosted its position in Oshkosh Co. (NYSE:OSK) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,269 shares of the company’s stock after purchasing an additional 355 shares during the period. Baker Ellis Asset Management LLC’s holdings in Oshkosh were worth $3,401,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. State of Michigan Retirement System increased its stake in Oshkosh by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 15,708 shares of the company’s stock valued at $1,703,000 after purchasing an additional 100 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. Tributary Capital Management LLC increased its stake in Oshkosh by 2.0% in the 4th quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock valued at $754,000 after purchasing an additional 135 shares in the last quarter. Atlas Capital Advisors LLC increased its stake in Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 139 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in Oshkosh by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 28,628 shares of the company’s stock valued at $2,732,000 after purchasing an additional 150 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Trading Up 2.7 %

Oshkosh stock traded up $2.81 during midday trading on Friday, reaching $108.20. The stock had a trading volume of 1,066,123 shares, compared to its average volume of 406,585. Oshkosh Co. has a twelve month low of $83.25 and a twelve month high of $127.98. The stock has a market capitalization of $7.08 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43. The stock’s 50-day simple moving average is $113.33 and its 200 day simple moving average is $112.81.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts expect that Oshkosh Co. will post 11.17 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Wall Street Analysts Forecast Growth

OSK has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price target on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Citigroup initiated coverage on Oshkosh in a research report on Wednesday. They set a “buy” rating and a $130.00 price target for the company. DA Davidson raised Oshkosh from a “neutral” rating to a “buy” rating and raised their price target for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. Truist Financial raised their price target on Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Robert W. Baird raised their price target on Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.25.

Oshkosh Company 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.