Brandes Investment Partners LP Purchases 107,231 Shares of Park Aerospace Corp. $PKE

Brandes Investment Partners LP increased its position in shares of Park Aerospace Corp. (NYSE:PKE) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,191,411 shares of the semiconductor company’s stock after buying an additional 107,231 shares during the period. Brandes Investment Partners LP owned about 0.16% of Park Aerospace worth $68,105,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Foundation Resource Management Inc. grew its holdings in shares of Park Aerospace by 0.6% during the fourth quarter. Foundation Resource Management Inc. now owns 503,497 shares of the semiconductor company’s stock worth $10,745,000 after buying an additional 3,004 shares in the last quarter. Roubaix Capital LLC grew its holdings in shares of Park Aerospace by 6.5% during the third quarter. Roubaix Capital LLC now owns 454,642 shares of the semiconductor company’s stock worth $9,247,000 after buying an additional 27,856 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Park Aerospace by 1.7% during the second quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock worth $6,489,000 after buying an additional 7,342 shares in the last quarter. Palisades Investment Partners LLC grew its holdings in shares of Park Aerospace by 10.8% during the fourth quarter. Palisades Investment Partners LLC now owns 321,745 shares of the semiconductor company’s stock worth $6,866,000 after buying an additional 31,492 shares in the last quarter. Finally, Portolan Capital Management LLC bought a new position in shares of Park Aerospace during the third quarter worth about $4,984,000. 77.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on PKE shares. Citizens Jmp started coverage on Park Aerospace in a report on Tuesday. They set a “market outperform” rating and a $42.00 target price on the stock. Wall Street Zen upgraded Park Aerospace from a “buy” rating to a “strong-buy” rating in a report on Saturday. Citigroup started coverage on Park Aerospace in a report on Tuesday. They set an “outperform” rating on the stock. Finally, Weiss Ratings upgraded Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $42.00.

Park Aerospace Stock Performance

PKE opened at $34.51 on Wednesday. Park Aerospace Corp. has a 52-week low of $13.52 and a 52-week high of $38.20. The firm has a market capitalization of $720.61 million, a PE ratio of 61.63 and a beta of 0.42. The business’s 50-day simple moving average is $32.78 and its 200 day simple moving average is $26.93.

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

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Park Aerospace’s payout ratio is 89.29%.

Park Aerospace 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.