16,001 Shares in Park Aerospace Corp. $PKE Acquired by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in Park Aerospace Corp. (NYSE:PKE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,001 shares of the semiconductor company’s stock, valued at approximately $611,000. Callan Family Office LLC owned approximately 0.07% of Park Aerospace at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PKE. Comerica Bank boosted its stake 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 purchasing an additional 31,420 shares in the last quarter. Illumine Investment Management LLC acquired a new stake in shares of Park Aerospace during the 1st quarter worth about $1,122,000. State of Wyoming acquired a new stake in shares of Park Aerospace during the 2nd quarter worth about $1,083,000. Lazard Asset Management LLC bought a new position in Park Aerospace during the 1st quarter valued at about $2,011,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Park Aerospace during the 1st quarter valued at about $873,000. 77.83% of the stock is currently owned by institutional investors.

Park Aerospace Trading Down 1.4%

PKE opened at $32.55 on Wednesday. Park Aerospace Corp. has a 1-year low of $18.19 and a 1-year high of $39.86. The stock has a market capitalization of $707.96 million, a PE ratio of 51.67 and a beta of 0.41. The firm has a 50-day moving average price of $35.05 and a two-hundred day moving average price of $31.98.

Park Aerospace (NYSE:PKE) last announced its earnings results on Monday, July 20th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $18.31 million for the quarter, compared to analyst estimates of $17.95 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.50 annualized dividend and a yield of 1.5%. Park Aerospace’s dividend payout ratio is currently 79.37%.

Insider Buying and Selling

In other Park Aerospace news, insider Constantine Petropoulos sold 2,500 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.00, for a total value of $90,000.00. Following the transaction, the insider directly owned 2,500 shares in the company, valued at approximately $90,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on PKE shares. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective on shares of Park Aerospace in a research note on Tuesday, July 21st. Citigroup reiterated a “market outperform” rating on shares of Park Aerospace in a research note on Tuesday, July 21st. Weiss Ratings downgraded Park Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Wall Street Zen lowered Park Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Citizens Jmp began coverage on Park Aerospace in a report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 price target for the company. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Park Aerospace has an average rating of “Buy” and a consensus target price of $42.50.

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.