Park-Ohio (NASDAQ:PKOH) Stock Crosses Above 200 Day Moving Average – Time to Sell?
by Amy Steele · The Cerbat GemPark-Ohio Holdings Corp. (NASDAQ:PKOH – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.41 and traded as high as $24.99. Park-Ohio shares last traded at $24.39, with a volume of 15,570 shares.
Wall Street Analysts Forecast Growth
A number of analysts have commented on PKOH shares. Wall Street Zen raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Zacks Research raised shares of Park-Ohio to a “hold” rating in a research report on Monday, February 9th. KeyCorp upgraded Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research note on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park-Ohio in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.00.
View Our Latest Research Report on Park-Ohio
Park-Ohio Stock Down 2.1%
The company has a market capitalization of $343.01 million, a PE ratio of 13.93 and a beta of 1.11. The company’s fifty day moving average is $25.07 and its 200-day moving average is $22.44. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.18 and a current ratio of 2.33.
Park-Ohio (NASDAQ:PKOH – Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.09). The firm had revenue of $395.00 million for the quarter, compared to analysts’ expectations of $402.90 million. Park-Ohio had a net margin of 1.49% and a return on equity of 10.13%. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS.
Park-Ohio Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $0.50 annualized dividend and a yield of 2.1%. Park-Ohio’s dividend payout ratio is currently 29.24%.
Insiders Place Their Bets
In other news, Director Ronna Romney sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $24.51, for a total value of $49,020.00. Following the completion of the transaction, the director owned 26,944 shares of the company’s stock, valued at $660,397.44. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Howard W. Iv Hanna sold 2,600 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $24.80, for a total value of $64,480.00. Following the sale, the director owned 21,500 shares of the company’s stock, valued at $533,200. This represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 7,000 shares of company stock valued at $173,620 in the last quarter. 31.51% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PKOH. CWM LLC raised its position in shares of Park-Ohio by 238.4% during the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock valued at $26,000 after buying an additional 856 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Park-Ohio by 69.3% in the 3rd 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 in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Park-Ohio by 377.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 2,134 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Park-Ohio during the 1st quarter valued at about $80,000. Finally, Russell Investments Group Ltd. grew its position in shares of Park-Ohio by 73.4% during the third quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,659 shares in the last quarter. 51.38% of the stock is currently owned by 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.