Park Aerospace Corp. $PKE Holdings Lessened by Roubaix Capital LLC

Roubaix Capital LLC decreased its holdings in Park Aerospace Corp. (NYSE:PKE) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 274,815 shares of the semiconductor company’s stock after selling 25,147 shares during the period. Park Aerospace accounts for approximately 3.5% of Roubaix Capital LLC’s holdings, making the stock its 3rd biggest holding. Roubaix Capital LLC owned 1.38% of Park Aerospace worth $7,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Park Aerospace during the fourth quarter worth approximately $25,000. BNP Paribas Financial Markets boosted its holdings in shares of Park Aerospace by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 726 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Park Aerospace in the 1st quarter worth approximately $52,000. Tower Research Capital LLC TRC increased its position in shares of Park Aerospace by 241.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 3,024 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Park Aerospace during the 1st quarter valued at approximately $64,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citizens Jmp initiated coverage on Park Aerospace in a research report on Tuesday, June 9th. They issued a “market outperform” rating and a $42.00 price target for the company. Weiss Ratings upgraded shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Wall Street Zen downgraded shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Citigroup started coverage on shares of Park Aerospace in a research report on Tuesday, June 9th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC began coverage on shares of Park Aerospace in a research note on Monday, July 13th. They issued a “buy” rating and a $43.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $42.50.

Park Aerospace Stock Up 0.3%

Shares of Park Aerospace stock opened at $32.43 on Friday. The stock’s fifty day moving average is $34.22 and its two-hundred day moving average is $29.70. Park Aerospace Corp. has a 52 week low of $17.25 and a 52 week high of $39.86. The company has a market capitalization of $677.03 million, a PE ratio of 57.91 and a beta of 0.39.

Park Aerospace (NYSE:PKE) last released its earnings results on Thursday, May 28th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $24.19 million during 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Park Aerospace’s dividend payout ratio (DPR) is currently 89.29%.

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.