Park Aerospace (NYSE:PKE) Trading Up 9.3% – What’s Next?

Park Aerospace Corp. (NYSE:PKEGet Free Report) shares were up 9.3% during trading on Wednesday . The stock traded as high as $25.40 and last traded at $25.4430. Approximately 761,038 shares changed hands during trading, an increase of 98% from the average daily volume of 385,320 shares. The stock had previously closed at $23.27.

Park Aerospace News Summary

Here are the key news stories impacting Park Aerospace this week:

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Check Out Our Latest Report on Park Aerospace

Park Aerospace Trading Up 9.5%

The stock’s 50 day moving average is $20.45 and its two-hundred day moving average is $19.22. The stock has a market capitalization of $507.47 million, a price-to-earnings ratio of 70.80 and a beta of 0.31.

Park Aerospace (NYSE:PKEGet Free Report) last announced its quarterly earnings data on Tuesday, January 13th. The semiconductor company reported $0.15 EPS for the quarter. Park Aerospace had a net margin of 11.57% and a return on equity of 7.97%. The business had revenue of $17.33 million for the quarter.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Friday, January 2nd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. Park Aerospace’s dividend payout ratio (DPR) is currently 138.89%.

Institutional Trading of Park Aerospace

A number of large investors have recently added to or reduced their stakes in the company. Palisades Investment Partners LLC bought a new stake in Park Aerospace in the third quarter valued at approximately $5,904,000. Portolan Capital Management LLC acquired a new stake in Park Aerospace during the 3rd quarter valued at $4,984,000. Essex Investment Management Co. LLC bought a new position in Park Aerospace during the third quarter worth $3,060,000. Brandes Investment Partners LP boosted its position in Park Aerospace by 4.1% during the second quarter. Brandes Investment Partners LP now owns 3,001,732 shares of the semiconductor company’s stock worth $44,336,000 after purchasing an additional 118,384 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of Park Aerospace by 1,914.8% in the third quarter. New York State Common Retirement Fund now owns 101,887 shares of the semiconductor company’s stock valued at $2,072,000 after purchasing an additional 96,830 shares during the period. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Company Profile

(Get Free Report)

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.

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