Park-Ohio (NASDAQ:PKOH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $38.56 and traded as high as $45.75. Park-Ohio shares last traded at $43.28, with a volume of 67,608 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings upgraded Park-Ohio from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research upgraded Park-Ohio from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. 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 research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $59.00.

Park-Ohio Stock Performance

The firm has a market cap of $621.04 million, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company has a quick ratio of 1.26, a current ratio of 2.40 and a debt-to-equity ratio of 1.66. The stock has a fifty day moving average price of $46.41 and a 200-day moving average price of $38.59.

Park-Ohio (NASDAQ:PKOH) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $440.10 million for the quarter, compared to analysts’ expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. On average, analysts expect that Park-Ohio Holdings Corp. will post 3.26 earnings per share for the current fiscal year.

Insider Transactions at Park-Ohio

In other Park-Ohio news, insider Robert Vilsack sold 9,000 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $47.44, for a total transaction of $426,960.00. Following the sale, the insider directly owned 167,836 shares of the company’s stock, valued at $7,962,139.84. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Wert sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $47.50, for a total transaction of $142,500.00. Following the sale, the director owned 85,456 shares in the company, valued at approximately $4,059,160. This trade represents a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,330 shares of company stock valued at $2,438,390 over the last three months. 31.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Park-Ohio

A number of hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in Park-Ohio during the 3rd quarter worth approximately $27,000. USA Financial Formulas acquired a new stake in Park-Ohio during the third quarter worth about $43,000. Legal & General Group Plc bought a new position in Park-Ohio in the second quarter worth about $38,000. Ancora Advisors LLC bought a new stake in shares of Park-Ohio in the 2nd quarter worth approximately $302,000. Finally, Deutsche Bank AG bought a new position in Park-Ohio during the 2nd quarter worth $347,000. Hedge funds and other institutional investors own 51.38% of the company’s stock.

About Park-Ohio

Park-Ohio Holdings Corp. (NASDAQ: PKOH) is a diversified manufacturing and supply-chain management company serving original equipment manufacturers and other industrial customers. Through its operating businesses, the company provides engineered products, component manufacturing, and integrated supply-chain services.

Park-Ohio’s manufacturing activities include the production of forged, machined, stamped, molded, and assembled components, as well as specialized products made from metal, rubber, and other materials.