Park-Ohio (NASDAQ:PKOH) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened
by Amy Steele · The Cerbat GemPark-Ohio Holdings Corp. (NASDAQ:PKOH – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.79 and traded as high as $21.07. Park-Ohio shares last traded at $20.94, with a volume of 51,027 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park-Ohio in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Get Our Latest Report on Park-Ohio
Park-Ohio Stock Performance
The company has a market capitalization of $299.38 million, a PE ratio of 12.38 and a beta of 1.17. The stock’s fifty day simple moving average is $20.90 and its 200-day simple moving average is $19.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.32 and a current ratio of 2.56.
Park-Ohio (NASDAQ:PKOH – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). Park-Ohio had a net margin of 1.46% and a return on equity of 10.53%. The firm had revenue of $398.60 million during the quarter, compared to analyst estimates of $417.30 million. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.
Park-Ohio Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $0.125 per share. The ex-dividend date was Friday, November 14th. This represents a $0.50 annualized dividend and a yield of 2.4%. Park-Ohio’s dividend payout ratio is 29.76%.
Insider Transactions at Park-Ohio
In other Park-Ohio news, Director Ronna Romney sold 2,975 shares of Park-Ohio stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $20.29, for a total value of $60,362.75. Following the completion of the sale, the director owned 28,944 shares in the company, valued at $587,273.76. The trade was a 9.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 31.51% of the company’s stock.
Institutional Investors Weigh In On Park-Ohio
A number of institutional investors have recently bought and sold shares of PKOH. CWM LLC grew its stake in shares of Park-Ohio by 238.4% during the 3rd 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 period. Tower Research Capital LLC TRC boosted its holdings in Park-Ohio by 377.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 2,134 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Park-Ohio by 14,282.4% during the first quarter. Russell Investments Group Ltd. now owns 2,445 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 2,428 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of 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 during the period. Finally, Jones Financial Companies Lllp acquired a new position in shares of Park-Ohio in the 1st quarter valued at about $80,000. 51.38% of the stock is currently 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.