Park-Ohio (NASDAQ:PKOH) Trading 12.6% Higher on Earnings Beat

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded up 12.6% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $47.39 and last traded at $46.8350. Approximately 40,425 shares traded hands during trading, a decline of 26% from the average session volume of 54,445 shares. The stock had previously closed at $41.61.

The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.81 by $0.12. Park-Ohio had a net margin of 1.46% and a return on equity of 9.93%. The firm 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.

Park-Ohio Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, July 31st. Park-Ohio’s payout ratio is presently 29.76%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Wall Street Zen lowered Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, KeyCorp boosted their target price on Park-Ohio from $37.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Insiders Place Their Bets

In other Park-Ohio news, insider Robert D. Vilsack sold 6,404 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $38.45, for a total transaction of $246,233.80. Following the sale, the insider directly owned 186,539 shares of the company’s stock, valued at $7,172,424.55. The trade was a 3.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

Hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL lifted its stake 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 worth $26,640,000 after acquiring an additional 156,890 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Park-Ohio by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock valued at $20,121,000 after acquiring an additional 6,547 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Park-Ohio by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company’s stock valued at $11,230,000 after purchasing an additional 3,967 shares during the period. Gabelli Funds LLC increased its holdings in shares of Park-Ohio by 2.1% in the 4th quarter. Gabelli Funds LLC now owns 512,601 shares of the industrial products company’s stock valued at $10,734,000 after purchasing an additional 10,401 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in shares of Park-Ohio by 5.2% in the fourth quarter. First Eagle Investment Management LLC now owns 435,605 shares of the industrial products company’s stock worth $9,122,000 after purchasing an additional 21,535 shares in the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Stock Up 12.5%

The company has a quick ratio of 1.23, a current ratio of 2.40 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $674.21 million, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. The business’s 50-day moving average price is $36.49 and its 200-day moving average price is $29.94.

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.