Park-Ohio (NASDAQ:PKOH) Upgraded by Wall Street Zen to Buy Rating

Park-Ohio (NASDAQ:PKOH) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

PKOH has been the topic of several other research reports. Zacks Research upgraded shares of Park-Ohio to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Park-Ohio in a report on Thursday, January 22nd. Finally, KeyCorp raised shares of Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Monday, February 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Park-Ohio presently has an average rating of “Hold” and a consensus price target of $37.00.

Park-Ohio Stock Down 8.0%

PKOH stock opened at $25.59 on Friday. The firm has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $21.96. The company has a market capitalization of $368.50 million, a P/E ratio of 14.96 and a beta of 1.11. Park-Ohio has a twelve month low of $15.52 and a twelve month high of $29.50. The company has a current ratio of 2.56, a quick ratio of 1.32 and a debt-to-equity ratio of 1.74.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.09). Park-Ohio had a net margin of 1.49% and a return on equity of 10.22%. The firm had revenue of $395.00 million for the quarter, compared to analyst estimates of $402.90 million. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS.

Hedge Funds Weigh In On Park-Ohio

Several hedge funds have recently made changes to their positions in PKOH. AQR Capital Management LLC raised its holdings in shares of Park-Ohio by 4.0% in the 4th quarter. AQR Capital Management LLC now owns 13,523 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Park-Ohio by 10.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock valued at $118,000 after buying an additional 527 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Park-Ohio by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 589 shares during the last quarter. CWM LLC boosted its stake in shares of Park-Ohio by 238.4% during the 3rd quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 856 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Park-Ohio by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 1,065 shares during the period. Institutional investors and hedge funds own 51.38% of the company’s stock.

Park-Ohio Company Profile

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.