Park-Ohio (NASDAQ:PKOH) Sets New 52-Week High – Should You Buy?

Park-Ohio Holdings Corp. (NASDAQ:PKOH) shares hit a new 52-week high on Friday . The company traded as high as $35.53 and last traded at $34.9210, with a volume of 22554 shares trading hands. The stock had previously closed at $34.10.

More Park-Ohio News

Here are the key news stories impacting Park-Ohio this week:

• Positive Sentiment: Sidoti reiterated upbeat longer-term expectations for Park-Ohio, forecasting FY2027 EPS of $3.46, above the current full-year consensus of $3.13, suggesting improved earnings power ahead.
• Positive Sentiment: The firm also projected quarterly earnings growth through 2027, including $0.93 EPS for Q2 2027, $1.00 for Q3 2027, and $0.80 for Q4 2027, reinforcing a constructive growth outlook.
• Neutral Sentiment: Sidoti’s FY2026 EPS estimate of $3.06 is slightly below the consensus $3.13, indicating near-term expectations are a bit softer even as the longer-term view improves.
• Neutral Sentiment: The research note also provided updated estimates for multiple upcoming quarters, but no major operational announcement or earnings surprise was reported.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings lowered Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Wall Street Zen upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Park-Ohio Trading Up 2.7%

The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.23 and a current ratio of 2.40. The stock’s fifty day moving average is $29.30 and its 200 day moving average is $25.60. The stock has a market cap of $504.29 million, a P/E ratio of 20.85 and a beta of 1.20.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. Park-Ohio had a net margin of 1.46% and a return on equity of 9.93%. The company had revenue of $421.00 million for the quarter, compared to analyst estimates of $413.90 million. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, equities research analysts predict that Park-Ohio Holdings Corp. will post 3.13 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. Park-Ohio’s dividend payout ratio is 29.76%.

Insiders Place Their Bets

In related news, Director Howard W. Iv Hanna sold 2,600 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $24.80, for a total value of $64,480.00. Following the sale, the director directly owned 21,500 shares of the company’s stock, valued at $533,200. This represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.10% of the stock is owned by company insiders.

Institutional Trading of Park-Ohio

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKOH. Gamco Investors INC. ET AL raised its position in Park-Ohio by 14.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock worth $26,640,000 after purchasing an additional 156,890 shares during the period. Teton Advisors LLC purchased a new stake in Park-Ohio in the 3rd quarter worth about $3,313,000. JB Capital Partners LP raised its position in Park-Ohio by 52.9% in the 4th quarter. JB Capital Partners LP now owns 117,599 shares of the industrial products company’s stock worth $2,451,000 after purchasing an additional 40,700 shares during the period. First Eagle Investment Management LLC increased its position in shares of Park-Ohio by 7.3% during the third quarter. First Eagle Investment Management LLC now owns 414,070 shares of the industrial products company’s stock worth $8,795,000 after acquiring an additional 28,045 shares during the period. Finally, Gabelli Funds LLC increased its position in shares of Park-Ohio by 4.6% during the third quarter. Gabelli Funds LLC now owns 502,200 shares of the industrial products company’s stock worth $10,667,000 after acquiring an additional 22,000 shares during the period. 51.38% of the stock is owned by hedge funds and other institutional investors.

About Park-Ohio

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.