Park Aerospace (NYSE:PKE) Upgraded at StockNews.com

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

Park Aerospace Price Performance

Shares of PKE opened at $14.90 on Wednesday. The stock has a market capitalization of $296.75 million, a price-to-earnings ratio of 41.38 and a beta of 0.43. Park Aerospace has a 1 year low of $11.96 and a 1 year high of $16.96. The business’s 50 day simple moving average is $14.70 and its 200-day simple moving average is $13.93.

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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Investors of record on Friday, January 3rd will be given a $0.125 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.50 annualized dividend and a yield of 3.36%. Park Aerospace’s dividend payout ratio is currently 138.89%.

Institutional Investors Weigh In On Park Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brandes Investment Partners LP increased its position in shares of Park Aerospace by 12.0% during the 2nd quarter. Brandes Investment Partners LP now owns 2,150,573 shares of the semiconductor company’s stock valued at $29,256,000 after purchasing an additional 229,720 shares during the last quarter. Royce & Associates LP increased its position in Park Aerospace by 94.9% during the third quarter. Royce & Associates LP now owns 371,673 shares of the semiconductor company’s stock valued at $4,843,000 after acquiring an additional 181,006 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Park Aerospace during the second quarter valued at $617,000. Marshall Wace LLP purchased a new stake in shares of Park Aerospace in the second quarter valued at $543,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Park Aerospace by 295.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock worth $504,000 after acquiring an additional 28,924 shares during the last quarter. 77.83% of the stock is currently owned by hedge funds and other 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.