Park Aerospace (NYSE:PKE) Announces Earnings Results

Park Aerospace (NYSE:PKE) issued its quarterly earnings results on Thursday. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03, FiscalAI reports. Park Aerospace had a net margin of 13.14% and a return on equity of 9.28%. The firm had revenue of $24.19 million during the quarter, compared to the consensus estimate of $22.31 million.

Park Aerospace Trading Up 2.2%

Shares of Park Aerospace stock traded up $0.79 during mid-day trading on Thursday, reaching $36.36. 336,598 shares of the stock were exchanged, compared to its average volume of 265,654. The company has a market cap of $724.63 million, a price-to-earnings ratio of 84.56 and a beta of 0.45. The firm has a 50-day simple moving average of $31.78 and a 200 day simple moving average of $26.04. Park Aerospace has a fifty-two week low of $13.48 and a fifty-two week high of $38.20.

Park Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd were paid a $0.125 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. Park Aerospace’s dividend payout ratio is currently 116.28%.

Institutional Investors Weigh In On Park Aerospace

Hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Park Aerospace during the 4th quarter worth about $25,000. BNP Paribas Financial Markets increased its position in Park Aerospace by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 726 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Park Aerospace in the 1st quarter valued at about $52,000. Tower Research Capital LLC TRC increased its position in Park Aerospace by 241.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 3,024 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Park Aerospace by 161.0% in the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 2,890 shares in the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PKE shares. Wall Street Zen downgraded shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Park Aerospace has an average rating of “Buy”.

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.