Park-Ohio - PKOH Stock Forecast, Price & News

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products. The Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, such as valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products. It also engineers and manufactures precision cold-formed and cold-extruded fasteners and other products, including locknuts, SPAC nuts, SPAC bolts, and wheel hardware. The Assembly Components segment manufactures aluminum products, direct fuel injection fuel rails and pipes, fuel filler pipes, and flexible multi-layer plastic and rubber assemblies; turbo charging and coolant hoses; and fluid handling systems. It also offers machining services, as well as value-added services, such as design engineering, machining, and part assembly. The Engineered Products segment designs and manufactures engineered products, including induction heating and melting systems, pipe threading systems, and forged and machined products primarily for ferrous and non-ferrous metals, silicon, coatings, forging, foundry, automotive, and construction equipment industries; engineers and installs mechanical forging presses; sells spare parts; provides field services; and offers aerospace and defense structural components, and rail products, such as railcar center plates and draft lugs. Park-Ohio Holdings Corp. was founded in 1907 and is headquartered in Cleveland, Ohio.

Park-Ohio Stock Up 1.4 %

Park-Ohio stock opened at $20.73 on Friday. Park-Ohio has a 12 month low of $9.23 and a 12 month high of $28.90. The stock has a market capitalization of $265.76 million, a PE ratio of -13.82 and a beta of 1.18. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.37 and a quick ratio of 1.22. The business has a 50 day simple moving average of $17.01 and a 200-day simple moving average of $15.61.

Park-Ohio (NASDAQ:PKOH - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). Park-Ohio had a negative return on equity of 1.69% and a negative net margin of 1.14%. During the same quarter in the previous year, the company earned ($0.33) earnings per share. On average, analysts anticipate that Park-Ohio will post 1.96 EPS for the current fiscal year.

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 5th will be paid a $0.125 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.41%. Park-Ohio's payout ratio is presently -33.33%.

Analysts Set New Price Targets

Separately, StockNews.com raised Park-Ohio from a "sell" rating to a "hold" rating in a research report on Thursday, May 12th.

Insiders Place Their Bets

In related news, Director Edward F. Crawford bought 50,000 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was purchased at an average cost of $19.38 per share, with a total value of $969,000.00. Following the purchase, the director now directly owns 751,273 shares of the company's stock, valued at approximately $14,559,670.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James W. Wert bought 2,000 shares of the firm's stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average cost of $14.86 per share, with a total value of $29,720.00. Following the transaction, the director now directly owns 88,882 shares in the company, valued at $1,320,786.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edward F. Crawford acquired 50,000 shares of the company's stock in a transaction on Friday, August 5th. The stock was acquired at an average price of $19.38 per share, for a total transaction of $969,000.00. Following the completion of the purchase, the director now owns 751,273 shares of the company's stock, valued at approximately $14,559,670.74. The disclosure for this purchase can be found here. Insiders have acquired 53,000 shares of company stock worth $1,012,720 over the last three months. Company insiders own 33.26% of the company's stock.