StockNews.com upgraded shares of Park Aerospace (NYSE:PKE – Free Report) from a hold rating to a buy rating in a research report report published on Friday.
Park Aerospace Stock Performance
Shares of PKE stock opened at $14.52 on Friday. Park Aerospace has a 52-week low of $11.96 and a 52-week high of $16.96. The company has a 50-day simple moving average of $14.67 and a two-hundred day simple moving average of $13.79. The company has a market capitalization of $289.85 million, a price-to-earnings ratio of 42.71 and a beta of 0.42.
Park Aerospace (NYSE:PKE – Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 EPS for the quarter. The company had revenue of $16.71 million during the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.
Park Aerospace Dividend Announcement
Hedge Funds Weigh In On Park Aerospace
Several institutional investors and hedge funds have recently bought and sold shares of PKE. Townsquare Capital LLC lifted its stake in shares of Park Aerospace by 8.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 1,248 shares in the last quarter. Foundation Resource Management Inc. grew its position in shares of Park Aerospace by 0.4% in the third quarter. Foundation Resource Management Inc. now owns 465,759 shares of the semiconductor company’s stock valued at $6,069,000 after purchasing an additional 2,025 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Park Aerospace by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 3,146 shares during the period. Copeland Capital Management LLC purchased a new stake in Park Aerospace during the 3rd quarter worth about $43,000. Finally, American Century Companies Inc. boosted its stake in Park Aerospace by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 65,214 shares of the semiconductor company’s stock worth $892,000 after purchasing an additional 3,365 shares during the period. 77.83% of the stock is owned by institutional investors.
Park Aerospace Company Profile
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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