Park Aerospace (NYSE:PKE) Earns Outperform Rating from Analysts at Citizens Jmp

Citizens Jmp initiated coverage on shares of Park Aerospace (NYSE:PKE) in a note issued to investors on Tuesday. The brokerage set an “outperform” rating and a $42.00 price target on the semiconductor company’s stock. Citizens Jmp’s target price suggests a potential upside of 31.54% from the company’s previous close.

Several other research firms also recently issued reports on PKE. Weiss Ratings raised Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of Park Aerospace from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Citigroup began coverage on shares of Park Aerospace in a report on Tuesday. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $42.00.

Park Aerospace Stock Down 1.8%

Shares of PKE stock opened at $31.93 on Tuesday. The firm has a market capitalization of $666.70 million, a P/E ratio of 57.02 and a beta of 0.42. Park Aerospace has a twelve month low of $13.52 and a twelve month high of $38.20. The stock’s fifty day simple moving average is $32.64 and its 200 day simple moving average is $26.82.

Park Aerospace (NYSE:PKE) last posted its earnings results on Thursday, May 28th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Park Aerospace had a return on equity of 10.08% and a net margin of 15.38%.The firm had revenue of $24.19 million during the quarter, compared to the consensus estimate of $22.31 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Investment Management Group LLC bought a new stake in shares of Park Aerospace in the 1st quarter valued at $14,926,000. Next Century Growth Investors LLC raised its stake in Park Aerospace by 93.0% during the fourth quarter. Next Century Growth Investors LLC now owns 526,054 shares of the semiconductor company’s stock worth $11,226,000 after buying an additional 253,508 shares during the last quarter. Portolan Capital Management LLC acquired a new position in Park Aerospace in the third quarter valued at $4,984,000. Essex Investment Management Co. LLC acquired a new position in Park Aerospace in the third quarter valued at $3,060,000. Finally, Sei Investments Co. boosted its position in Park Aerospace by 116.2% during the first quarter. Sei Investments Co. now owns 263,034 shares of the semiconductor company’s stock valued at $7,202,000 after acquiring an additional 141,359 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

About Park Aerospace

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.