Park Aerospace (NYSE:PKE) Now Covered by Needham & Company LLC

Stock analysts at Needham & Company LLC started coverage on shares of Park Aerospace (NYSE:PKE) in a research report issued on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $43.00 price target on the semiconductor company’s stock. Needham & Company LLC’s target price indicates a potential upside of 27.81% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings raised Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 1st. Citigroup started coverage on shares of Park Aerospace in a research note on Tuesday, June 9th. They set an “outperform” rating on the stock. Citizens Jmp started coverage on shares of Park Aerospace in a research report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 price target on the stock. Finally, Wall Street Zen downgraded Park Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Park Aerospace has an average rating of “Buy” and an average price target of $42.50.

Park Aerospace Stock Down 0.0%

Park Aerospace stock opened at $33.64 on Monday. The business’s 50-day simple moving average is $34.30 and its 200 day simple moving average is $29.35. The stock has a market cap of $702.42 million, a price-to-earnings ratio of 60.08 and a beta of 0.39. Park Aerospace has a 12-month low of $15.00 and a 12-month high of $39.86.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Comerica Bank boosted its holdings in shares of Park Aerospace by 583.4% in the 4th quarter. Comerica Bank now owns 36,806 shares of the semiconductor company’s stock valued at $785,000 after buying an additional 31,420 shares during the last quarter. Penn Capital Management Company LLC increased its stake in shares of Park Aerospace by 62.1% during the 3rd quarter. Penn Capital Management Company LLC now owns 192,667 shares of the semiconductor company’s stock worth $3,919,000 after purchasing an additional 73,833 shares during the last quarter. Round Rock Advisors LLC raised its holdings in shares of Park Aerospace by 64.5% in the 4th quarter. Round Rock Advisors LLC now owns 67,580 shares of the semiconductor company’s stock valued at $1,442,000 after purchasing an additional 26,490 shares during the period. Stephens Investment Management Group LLC acquired a new stake in Park Aerospace in the 1st quarter valued at about $14,926,000. Finally, Brandes Investment Partners LP increased its position in Park Aerospace by 3.5% during the fourth quarter. Brandes Investment Partners LP now owns 3,191,411 shares of the semiconductor company’s stock worth $68,105,000 after buying an additional 107,231 shares during the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.

Park Aerospace Company Profile

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.