Park-Ohio (NASDAQ:PKOH) Shares Gap Down – What’s Next?

Park-Ohio Holdings Corp. (NASDAQ:PKOH – Get Free Report)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $46.32, but opened at $42.66. Park-Ohio shares last traded at $42.7730, with a volume of 4,282 shares trading hands.

Wall Street Analyst Weigh In

PKOH has been the subject of a number of recent analyst reports. KeyCorp raised their price objective on shares of Park-Ohio from $45.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen raised Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 13th. Weiss Ratings raised Park-Ohio from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Zacks Research upgraded Park-Ohio from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $59.00.

Read Our Latest Analysis on Park-Ohio

Park-Ohio Price Performance

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 company has a fifty day simple moving average of $46.54 and a two-hundred day simple moving average of $38.56. The company has a market cap of $624.37 million, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.18 and a beta of 1.24.

Park-Ohio (NASDAQ:PKOH – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. 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. On average, equities research analysts anticipate that Park-Ohio Holdings Corp. will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Park-Ohio news, Director James W. Wert sold 3,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 85,456 shares of the company’s stock, valued at approximately $4,059,160. This trade represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert D. Vilsack sold 3,190 shares of Park-Ohio stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $46.42, for a total value of $148,079.80. Following the sale, the insider owned 144,024 shares of the company’s stock, valued at approximately $6,685,594.08. This represents a 2.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 52,330 shares of company stock worth $2,438,390. 31.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PKOH. USA Financial Formulas acquired a new position in shares of Park-Ohio in the 3rd quarter valued at $43,000. State of Alaska Department of Revenue purchased a new position in shares of Park-Ohio in the 3rd quarter worth $27,000. Ancora Advisors LLC boosted its holdings in Park-Ohio by 7,756.0% in the second quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 7,756 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Park-Ohio during the second quarter valued at about $549,000. Finally, Empowered Funds LLC purchased a new stake in Park-Ohio during the second quarter valued at about $438,000. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Park-Ohio Company Profile

(Get Free Report)

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.

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