Park-Ohio Holdings Corp. (NASDAQ:PKOH – Get Free Report) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $35.06 and traded as high as $47.17. Park-Ohio shares last traded at $47.17, with a volume of 42,324 shares traded.
Trending Headlines about Park-Ohio
Here are the key news stories impacting Park-Ohio this week:
- Positive Sentiment: Positive technical momentum: PKOH recently moved above its 200-day moving average, a signal that can attract momentum-oriented investors. The stock’s 50-day average is also well above its 200-day average. Park-Ohio Stock Price Passes Above 200-Day Moving Average
- Positive Sentiment: Strong recent earnings: Park-Ohio reported quarterly EPS of $0.93, exceeding the $0.81 consensus estimate, while revenue of $440.1 million surpassed expectations of $425.6 million. Management’s fiscal 2026 EPS guidance of $3.10 to $3.30 remains supportive of the investment case.
- Positive Sentiment: Institutional support and analyst upside: Institutional investors own approximately 51.4% of the company, and KeyCorp raised its price target to $59 while maintaining an overweight rating. The analyst consensus remains “Hold,” with an average target of $59.
- Neutral Sentiment: Short-interest data is not a catalyst: Reported short interest was zero shares as of September 24, with a 0.0-day days-to-cover ratio. This suggests little evidence of short-covering activity driving the recent move.
- Negative Sentiment: Director selling: Director James Wert sold 3,000 shares for approximately $142,500 on September 24, following a 1,000-share sale earlier in the week. The transactions reduced his direct holdings by roughly 4.5% in aggregate, although he still owns 85,456 shares. SEC filing for James Wert share sale
Wall Street Analysts Forecast Growth
PKOH has been the topic of several recent research reports. Wall Street Zen upgraded shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 13th. KeyCorp upped their target price on shares of Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $59.00.
Park-Ohio Trading Up 1.5%
The stock has a market capitalization of $688.56 million, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. The business has a 50 day simple moving average of $44.34 and a 200-day simple moving average of $35.19. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 2.40.
Park-Ohio (NASDAQ:PKOH – Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The firm had revenue of $440.10 million for the quarter, compared to analyst estimates of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. On average, analysts predict that Park-Ohio Holdings Corp. will post 3.22 EPS for the current year.
Park-Ohio Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $0.1250 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.50 annualized dividend and a yield of 1.1%. Park-Ohio’s payout ratio is 26.60%.
Insider Buying and Selling at Park-Ohio
In other news, Director James W. Wert sold 3,000 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $47.50, for a total transaction of $142,500.00. Following the sale, the director directly owned 85,456 shares of the company’s stock, valued at $4,059,160. The trade was a 3.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert D. Vilsack sold 6,404 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $38.45, for a total value of $246,233.80. Following the completion of the transaction, the insider owned 186,539 shares of the company’s stock, valued at $7,172,424.55. This trade represents a 3.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 21,024 shares of company stock valued at $902,052. Corporate insiders own 31.10% of the company’s stock.
Institutional Trading of Park-Ohio
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc acquired a new stake in shares of Park-Ohio during the second quarter valued at approximately $38,000. Bank of America Corp DE boosted its position in shares of Park-Ohio by 25.0% in the first quarter. Bank of America Corp DE now owns 14,033 shares of the industrial products company’s stock worth $337,000 after buying an additional 2,805 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Park-Ohio by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock worth $20,121,000 after buying an additional 6,547 shares during the period. Ancora Advisors LLC grew its holdings in shares of Park-Ohio by 7,756.0% during the second quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock valued at $302,000 after buying an additional 7,756 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Park-Ohio during the second quarter valued at $347,000. Institutional investors and hedge funds own 51.38% of the company’s stock.
Park-Ohio Company Profile
Park-Ohio Holdings Corp. is a diversified manufacturing and supply-chain services company headquartered in Ohio. Through its operating businesses, the company supplies engineered components and manages the movement of materials and parts for original equipment manufacturers and other industrial customers.
Park-Ohio’s Supply Chain Management businesses provide outsourced manufacturing, sourcing, inventory management, logistics, packaging, and just-in-time delivery services. These operations help customers procure raw materials and component parts, coordinate production requirements, and deliver products to manufacturing facilities.
Its Diversified Manufacturing businesses produce a range of engineered products, including forged, machined, formed, molded, and assembled components.
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