Park-Ohio (NASDAQ:PKOH - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Thursday.
Several other research firms also recently commented on PKOH. KeyCorp upped their price objective on Park-Ohio from $45.00 to $59.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings upgraded Park-Ohio from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.00.
View Our Latest Research Report on Park-Ohio
Park-Ohio Trading Up 3.5%
Shares of Park-Ohio stock opened at $49.38 on Thursday. 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 has a 52 week low of $18.06 and a 52 week high of $53.30. The stock has a 50 day moving average price of $38.09 and a two-hundred day moving average price of $30.84. The stock has a market capitalization of $715.52 million, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.12. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. The firm had revenue of $440.10 million during the quarter, compared to analysts' expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, equities analysts anticipate that Park-Ohio will post 3.19 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Robert D. Vilsack sold 2,290 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $38.42, for a total value of $87,981.80. Following the transaction, the insider directly owned 184,249 shares in the company, valued at approximately $7,078,846.58. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 31.10% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL grew its holdings in shares of Park-Ohio by 14.1% in the fourth 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 last quarter. Dimensional Fund Advisors LP boosted its position in Park-Ohio by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company's stock valued at $20,121,000 after buying an additional 6,547 shares during the period. BlackRock Inc. purchased a new stake in Park-Ohio during the 2nd quarter valued at $28,189,000. Vanguard Group Inc. grew its holdings in Park-Ohio by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company's stock worth $11,230,000 after acquiring an additional 3,967 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in Park-Ohio by 2.1% in the 4th quarter. Gabelli Funds LLC now owns 512,601 shares of the industrial products company's stock worth $10,734,000 after acquiring an additional 10,401 shares during the last quarter. 51.38% of the stock is owned by institutional investors.
About Park-Ohio
(
Get Free Report)
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.
Further Reading
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