Park Aerospace (NYSE:PKE) Downgraded to “Hold” at StockNews.com

Park Aerospace (NYSE:PKE) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Park Aerospace Stock Performance

Shares of NYSE PKE opened at $14.39 on Thursday. The company has a market capitalization of $287.22 million, a price-to-earnings ratio of 42.32 and a beta of 0.39. The company has a 50 day simple moving average of $13.45 and a two-hundred day simple moving average of $13.73. Park Aerospace has a fifty-two week low of $11.96 and a fifty-two week high of $16.96.

Park Aerospace (NYSE:PKE) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $16.71 million for the quarter. Park Aerospace had a net margin of 11.82% and a return on equity of 6.61%.

Institutional Trading of Park Aerospace

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brandes Investment Partners LP increased its holdings in shares of Park Aerospace by 12.0% in the 2nd quarter. Brandes Investment Partners LP now owns 2,150,573 shares of the semiconductor company’s stock worth $29,256,000 after buying an additional 229,720 shares during the last quarter. Vanguard Group Inc. boosted its position in Park Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,020,844 shares of the semiconductor company’s stock valued at $16,977,000 after buying an additional 7,821 shares during the period. Renaissance Technologies LLC boosted its position in Park Aerospace by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 992,797 shares of the semiconductor company’s stock valued at $13,581,000 after buying an additional 8,700 shares during the period. Heartland Advisors Inc. boosted its position in Park Aerospace by 0.8% in the 1st quarter. Heartland Advisors Inc. now owns 897,667 shares of the semiconductor company’s stock valued at $14,928,000 after buying an additional 6,818 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Park Aerospace by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock valued at $9,044,000 after buying an additional 5,933 shares during the period. 77.83% of the stock is currently owned by institutional investors.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.