Park-Ohio (NASDAQ:PKOH) Reaches New 52-Week High – Here’s Why

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) hit a new 52-week high during trading on Monday . The stock traded as high as $52.66 and last traded at $51.5290, with a volume of 225090 shares trading hands. The stock had previously closed at $52.51.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PKOH shares. KeyCorp upped their target price on shares of Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday. Wall Street Zen cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. One 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 company currently has an average rating of “Hold” and an average target price of $59.00.

Park-Ohio Stock Down 2.7%

The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26. The company has a market capitalization of $735.38 million, a PE ratio of 27.34, a P/E/G ratio of 1.38 and a beta of 1.18. The business has a 50-day moving average of $37.16 and a 200 day moving average of $30.31.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.12. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The business 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. Equities research analysts predict that Park-Ohio Holdings Corp. will post 3.18 earnings per share for the current year.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.0%. Park-Ohio’s dividend payout ratio (DPR) is 26.60%.

Insiders Place Their Bets

In related news, insider Robert D. Vilsack sold 2,290 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $38.42, for a total transaction of $87,981.80. Following the sale, the insider owned 184,249 shares of the company’s stock, valued at $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 available through this link. Corporate insiders own 31.10% of the company’s stock.

Hedge Funds Weigh In On Park-Ohio

Institutional investors and hedge funds have recently made changes to their positions in the business. JB Capital Partners LP grew its position in Park-Ohio by 52.9% in the fourth quarter. JB Capital Partners LP now owns 117,599 shares of the industrial products company’s stock worth $2,451,000 after acquiring an additional 40,700 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Park-Ohio by 14.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock valued at $26,640,000 after purchasing an additional 156,890 shares during the period. First Eagle Investment Management LLC raised its position in Park-Ohio by 5.2% during the fourth quarter. First Eagle Investment Management LLC now owns 435,605 shares of the industrial products company’s stock valued at $9,122,000 after purchasing an additional 21,535 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Park-Ohio in the 1st quarter valued at approximately $344,000. Finally, Deutsche Bank AG purchased a new position in shares of Park-Ohio in the 2nd quarter worth approximately $347,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

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.