Park Aerospace (NYSE:PKE) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Park Aerospace (NYSE:PKE) from a hold rating to a buy rating in a research report report published on Wednesday.

Park Aerospace Price Performance

NYSE:PKE opened at $14.59 on Wednesday. The company’s 50-day moving average is $14.69 and its two-hundred day moving average is $13.91. The firm has a market capitalization of $290.55 million, a price-to-earnings ratio of 40.52 and a beta of 0.43. Park Aerospace has a 1-year low of $11.96 and a 1-year high of $16.96.

Park Aerospace (NYSE:PKE) last released its quarterly earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Park Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, January 3rd. Park Aerospace’s dividend payout ratio (DPR) is 138.89%.

Institutional Investors Weigh In On Park Aerospace

Institutional investors and hedge funds have recently made changes to their positions in the stock. Copeland Capital Management LLC purchased a new stake in shares of Park Aerospace in the 3rd quarter valued at approximately $43,000. SG Americas Securities LLC purchased a new stake in Park Aerospace during the 4th quarter worth approximately $132,000. Van ECK Associates Corp increased its stake in Park Aerospace by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock worth $160,000 after buying an additional 3,146 shares during the period. Townsquare Capital LLC increased its stake in Park Aerospace by 8.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock worth $212,000 after buying an additional 1,248 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Park Aerospace by 23.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock worth $239,000 after buying an additional 3,507 shares during the period. 77.83% of the stock is owned by hedge funds and other institutional investors.

Park Aerospace Company Profile

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.