Park-Ohio (NASDAQ:PKOH) Hits New 12-Month High – Should You Buy?

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $35.56 and last traded at $35.3780, with a volume of 58038 shares. The stock had previously closed at $34.61.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PKOH. Weiss Ratings lowered Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Wall Street Zen lowered Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to 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 current ratio of 2.40, a quick ratio of 1.23 and a debt-to-equity ratio of 1.70. The company has a fifty day moving average price of $30.14 and a two-hundred day moving average price of $26.00. The firm has a market capitalization of $516.38 million, a PE ratio of 21.30, a P/E/G ratio of 0.93 and a beta of 1.20.

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

Park-Ohio Announces Dividend

The business 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. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 1st. Park-Ohio’s dividend payout ratio is currently 29.76%.

Institutional Trading of Park-Ohio

Large investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its holdings in Park-Ohio by 14.1% in the 4th 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 in the last quarter. JB Capital Partners LP grew its stake in shares of Park-Ohio by 52.9% during the fourth quarter. JB Capital Partners LP now owns 117,599 shares of the industrial products company’s stock valued at $2,451,000 after acquiring an additional 40,700 shares in the last quarter. Teton Advisors LLC acquired a new stake in shares of Park-Ohio during the third quarter valued at about $3,313,000. First Eagle Investment Management LLC grew its stake in shares of 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 acquiring an additional 21,535 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of Park-Ohio by 4.6% during the third quarter. Gabelli Funds LLC now owns 502,200 shares of the industrial products company’s stock valued at $10,667,000 after acquiring an additional 22,000 shares in the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

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.