Park Ohio Holdings Corp (NASDAQ:PKOH), a company specializing in metal forging and stampings, has reported a recent transaction by director James W. Wert. According to the latest filings, Wert sold 1,000 shares of the company's common stock on May 2, 2024, for a total value exceeding $26,000.
The transaction was executed at an average price of $26.5729 per share, reflecting the market's current valuation of Park Ohio Holdings Corp. Following this sale, Wert's direct holdings in the company stand at 81,690 shares. Additionally, there are 5,500 shares held indirectly by a family trust, as indicated in the company's records.
Investors often monitor insider transactions as they can provide insights into the company's performance and management's confidence in the business. The sale by a director like Wert is a routine disclosure, and it offers a glimpse into the financial moves of individuals with a close understanding of the company's operations.
Park Ohio Holdings Corp continues its business activities, and this transaction forms part of the regular updates provided to the market regarding insider trades. Shareholders and potential investors can stay informed about the company's insider transactions through regular filings and disclosures.
InvestingPro Insights
As Park Ohio Holdings Corp (NASDAQ:PKOH) continues to navigate the market, recent InvestingPro data provides a snapshot of the company's financial health. With a market capitalization of $327.66 million, the company has demonstrated a robust P/E ratio of 6.67 for the last twelve months as of Q1 2024, suggesting a potential undervaluation when compared to the industry average. This is further supported by a PEG ratio of 0.05 during the same period, indicating that the company’s earnings growth might be undervalued relative to its earnings potential.
From a revenue standpoint, Park Ohio Holdings Corp reported a revenue growth of 6.1% in the last twelve months as of Q1 2024, reflecting a steady increase in its business activities. However, the quarterly figure showed a slight dip with a -1.39% change, which could be an area for investors to watch. The company's gross profit margin stood at 16.66%, with an operating income margin of 5.77%, showcasing its ability to maintain profitability.
For those looking to delve deeper into the financial metrics of Park Ohio Holdings Corp, InvestingPro offers additional insights. The platform lists several more InvestingPro Tips, which could help investors make more informed decisions. By using the coupon code PRONEWS24, users can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, gaining access to a comprehensive suite of analytical tools and data to guide investment strategies.
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