Park Aerospace Corp. (PKE) – What Are Analysts Saying About This Stock?

Park Aerospace Corp. (NYSE:PKE) has been assigned a consensus recommendation of “Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $42.50.

PKE has been the subject of a number of recent research reports. Citigroup reaffirmed a “market outperform” rating on shares of Park Aerospace in a research report on Monday, October 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Park Aerospace in a report on Friday, October 9th. Weiss Ratings downgraded Park Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. The Goldman Sachs Group upgraded Park Aerospace to a “buy” rating in a research report on Monday. Finally, Wall Street Zen lowered shares of Park Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, October 18th.

Park Aerospace Price Performance

Shares of NYSE:PKE opened at $23.27 on Monday. The stock has a market cap of $512.64 million, a price-to-earnings ratio of 32.32 and a beta of 0.46. The company has a 50 day moving average of $28.60 and a 200-day moving average of $30.75. Park Aerospace has a one year low of $18.25 and a one year high of $39.86.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings results on Thursday, October 8th. The semiconductor company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Park Aerospace had a return on equity of 11.21% and a net margin of 18.42%. The business had revenue of $20.79 million for the quarter, compared to analyst estimates of $20.01 million.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Thursday, October 1st were given a dividend of $0.1250 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. Park Aerospace’s dividend payout ratio (DPR) is 69.44%.

Institutional Investors Weigh In On Park Aerospace

Several hedge funds and other institutional investors have recently modified their holdings of PKE. BlackRock Inc. bought a new stake in shares of Park Aerospace in the second quarter worth about $55,207,000. Renaissance Technologies LLC boosted its stake in Park Aerospace by 2.3% during the first quarter. Renaissance Technologies LLC now owns 859,097 shares of the semiconductor company’s stock worth $23,522,000 after buying an additional 19,057 shares during the last quarter. Stephens Investment Management Group LLC purchased a new stake in shares of Park Aerospace in the 1st quarter valued at approximately $14,926,000. Winthrop Advisory Group LLC acquired a new position in Park Aerospace in the 3rd quarter valued at $12,537,000. Finally, Sei Investments Co. boosted its stake in shares of 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 own 77.83% of the company’s stock.

About Park Aerospace

Park Aerospace Corp. (NYSE:PKE) develops and manufactures advanced composite materials and composite structures primarily for the aerospace industry. Its products are used in commercial aircraft, military aircraft, unmanned aerial vehicles, and other demanding aerospace applications where lightweight construction, strength, and durability are important.

The company’s offerings include carbon-fiber and other composite prepregs, specialized reinforcement materials, honeycomb core materials, film adhesives, and related composite-material systems.