StockNews.com cut shares of Park Aerospace (NYSE:PKE - Free Report) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.
Park Aerospace Stock Performance
NYSE PKE traded down $0.23 during mid-day trading on Thursday, reaching $14.16. 38,226 shares of the stock were exchanged, compared to its average volume of 90,217. The company has a market capitalization of $282.63 million, a P/E ratio of 41.74 and a beta of 0.39. The business's 50 day moving average is $13.45 and its 200-day moving average is $13.73. Park Aerospace has a 1 year low of $11.96 and a 1 year high of $16.96.
Park Aerospace (NYSE:PKE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. Park Aerospace had a net margin of 11.82% and a return on equity of 6.61%. The business had revenue of $16.71 million during the quarter.
Park Aerospace Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Tuesday, October 1st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Tuesday, October 1st. Park Aerospace's dividend payout ratio (DPR) is presently 147.06%.
Institutional Investors Weigh In On Park Aerospace
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd lifted its stake in Park Aerospace by 5.6% in the 4th quarter. Quadrature Capital Ltd now owns 11,949 shares of the semiconductor company's stock valued at $176,000 after buying an additional 630 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Park Aerospace in the first quarter worth approximately $235,000. Heartland Advisors Inc. increased its position in shares of Park Aerospace by 0.8% during the first quarter. Heartland Advisors Inc. now owns 897,667 shares of the semiconductor company's stock worth $14,928,000 after purchasing an additional 6,818 shares in the last quarter. Cove Street Capital LLC acquired a new position in Park Aerospace in the 1st quarter valued at $5,941,000. Finally, Russell Investments Group Ltd. raised its stake in Park Aerospace by 1,704.2% in the 1st quarter. Russell Investments Group Ltd. now owns 19,738 shares of the semiconductor company's stock valued at $328,000 after purchasing an additional 18,644 shares during the last quarter. Hedge funds and other institutional investors own 77.83% of the company's stock.
About Park Aerospace
(
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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.
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