Park-Ohio (NASDAQ:PKOH) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Park-Ohio Holdings Corp. (NASDAQ:PKOH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.66 and traded as high as $21.84. Park-Ohio shares last traded at $21.55, with a volume of 10,562 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Park-Ohio in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Park-Ohio currently has an average rating of “Hold”.

Park-Ohio Stock Performance

The company has a market cap of $310.32 million, a P/E ratio of 12.83 and a beta of 1.18. The company’s fifty day moving average is $20.83 and its 200 day moving average is $19.66. The company has a current ratio of 2.56, a quick ratio of 1.32 and a debt-to-equity ratio of 1.74.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.18). The business had revenue of $398.60 million for the quarter, compared to analysts’ expectations of $417.30 million. Park-Ohio had a net margin of 1.46% and a return on equity of 10.53%. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.125 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 2.3%. Park-Ohio’s dividend payout ratio (DPR) is currently 29.76%.

Insider Activity at Park-Ohio

In related news, Director Ronna Romney sold 2,975 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $20.29, for a total transaction of $60,362.75. Following the completion of the sale, the director directly owned 28,944 shares in the company, valued at $587,273.76. This represents a 9.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 31.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Park-Ohio

Several hedge funds and other institutional investors have recently modified their holdings of PKOH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Park-Ohio by 10.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 527 shares during the period. Rhumbline Advisers raised its position in Park-Ohio by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 589 shares during the last quarter. Trexquant Investment LP lifted its holdings in Park-Ohio by 5.8% in the 1st quarter. Trexquant Investment LP now owns 12,219 shares of the industrial products company’s stock worth $264,000 after buying an additional 673 shares during the period. CWM LLC grew its position in shares of Park-Ohio by 238.4% in the 3rd quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after buying an additional 856 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position 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 buying an additional 1,065 shares during the last quarter. 51.38% of the stock is owned by 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.