Park Aerospace (NYSE:PKE) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Park Aerospace (NYSE:PKEFree Report) from a hold rating to a buy rating in a research note released on Wednesday morning.

Park Aerospace Trading Down 4.7 %

Shares of NYSE PKE opened at $14.38 on Wednesday. The company’s 50-day moving average price is $14.57 and its 200 day moving average price is $13.74. The stock has a market cap of $287.05 million, a price-to-earnings ratio of 42.29 and a beta of 0.42. Park Aerospace has a 52 week low of $11.96 and a 52 week high of $16.96.

Park Aerospace (NYSE:PKEGet Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $0.10 EPS for the quarter. The business had revenue of $16.71 million for the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, January 3rd. Park Aerospace’s dividend payout ratio (DPR) is 147.06%.

Hedge Funds Weigh In On Park Aerospace

A number of large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in shares of Park Aerospace by 166.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 1,488 shares in the last quarter. Premier Path Wealth Partners LLC increased its holdings in Park Aerospace by 3.3% in the second quarter. Premier Path Wealth Partners LLC now owns 31,512 shares of the semiconductor company’s stock valued at $431,000 after buying an additional 1,000 shares during the last quarter. Roubaix Capital LLC increased its stake in Park Aerospace by 1.2% during the second quarter. Roubaix Capital LLC now owns 414,286 shares of the semiconductor company’s stock valued at $5,667,000 after purchasing an additional 5,062 shares during the last quarter. American Century Companies Inc. raised its stake in Park Aerospace by 5.4% during the second quarter. American Century Companies Inc. now owns 65,214 shares of the semiconductor company’s stock worth $892,000 after acquiring an additional 3,365 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Park Aerospace by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock worth $9,044,000 after purchasing an additional 5,933 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

About Park Aerospace

(Get Free Report)

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.

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