Park-Ohio (NASDAQ:PKOH) Stock Price Crosses Above 200-Day Moving Average Following Weak Earnings

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) passed above its 200-day moving average during trading on Wednesday following a better than expected earnings announcement. The stock has a 200-day moving average of $19.22 and traded as high as $21.16. Park-Ohio shares last traded at $21.07, with a volume of 72,502 shares.The industrial products company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.18). Park-Ohio had a net margin of 1.73% and a return on equity of 12.27%. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.Park-Ohio Announces DividendThe firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.125 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. Park-Ohio's dividend payout ratio (DPR) is 24.63%. Wall Street Analysts Forecast GrowthSeparately, Weiss Ratings reissued a "hold (c)" rating on shares of Park-Ohio in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Park-Ohio currently has a consensus rating of "Hold".Get Our Latest Report on Park-OhioInsiders Place Their BetsIn related news, CEO Matthew V. Crawford bought 4,167 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was acquired at an average price of $20.04 per share, with a total value of $83,506.68. Following the completion of the purchase, the chief executive officer directly owned 911,237 shares of the company's stock, valued at approximately $18,261,189.48. This trade represents a 0.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 31.51% of the company's stock. Institutional Inflows and OutflowsSeveral hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its holdings in Park-Ohio by 238.4% during 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. Russell Investments Group Ltd. lifted its position in shares of Park-Ohio by 14,282.4% during the 1st quarter. Russell Investments Group Ltd. now owns 2,445 shares of the industrial products company's stock worth $53,000 after buying an additional 2,428 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Park-Ohio by 377.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company's stock worth $48,000 after buying an additional 2,134 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Park-Ohio during the 1st quarter worth approximately $80,000. Finally, Raymond James Financial Inc. purchased a new stake in Park-Ohio in the second quarter valued at $90,000. Hedge funds and other institutional investors own 51.38% of the company's stock. Park-Ohio Trading Up 5.8%The stock has a market capitalization of $303.30 million, a PE ratio of 10.38 and a beta of 1.43. The company has a quick ratio of 1.33, a current ratio of 2.60 and a debt-to-equity ratio of 1.75. The business's 50-day moving average is $20.73 and its two-hundred day moving average is $19.22. About Park-Ohio (Get Free Report)Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.Recommended StoriesFive stocks we like better than Park-OhioESG Stocks, What Investors Should Know3 Cash-Rich Stocks With High Growth Potential Right Now3 Best Fintech Stocks for a Portfolio BoostWhy Vertical Aerospace Stock Could Double After This Flight TestBusiness Services Stocks InvestingAmazon: Breakout Confirmed—Here’s Where It Could Go NextThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Park-Ohio Right Now?Before you consider Park-Ohio, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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