Park-Ohio (NASDAQ:PKOH) Reaches New 1-Year High – Here’s Why

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $36.88 and last traded at $36.42, with a volume of 113224 shares changing hands. The stock had previously closed at $36.55.

Wall Street Analyst Weigh In

PKOH has been the subject of a number of analyst reports. Weiss Ratings downgraded Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Wall Street Zen downgraded Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Park-Ohio Price Performance

The company has a debt-to-equity ratio of 1.70, a current ratio of 2.40 and a quick ratio of 1.23. The company’s 50 day moving average is $31.00 and its 200 day moving average is $26.43. The stock has a market cap of $524.45 million, a price-to-earnings ratio of 21.68, a PEG ratio of 0.98 and a beta of 1.20.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. Park-Ohio had a net margin of 1.46% and a return on equity of 9.93%. The firm had revenue of $421.00 million for the quarter, compared to the consensus estimate of $413.90 million. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS. Research analysts forecast that Park-Ohio Holdings Corp. will post 3.1 earnings per share for the current fiscal year.

Park-Ohio Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.125 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. Park-Ohio’s dividend payout ratio is currently 29.76%.

Hedge Funds Weigh In On Park-Ohio

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Park-Ohio by 25.0% during the first quarter. Bank of America Corp DE now owns 14,033 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 2,805 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Park-Ohio by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock valued at $20,121,000 after buying an additional 6,547 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Park-Ohio in the first quarter valued at $344,000. AQR Capital Management LLC raised its stake in shares of Park-Ohio by 4.0% during the 4th quarter. AQR Capital Management LLC now owns 13,523 shares of the industrial products company’s stock worth $283,000 after buying an additional 517 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Park-Ohio during the 4th quarter worth $313,000. 51.38% of the stock is owned by institutional investors and hedge funds.

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.