422,273 Shares in Park Aerospace Corp. $PKE Bought by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC bought a new position in Park Aerospace Corp. (NYSE:PKE) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 422,273 shares of the semiconductor company’s stock, valued at approximately $12,537,000. Park Aerospace accounts for about 0.8% of Winthrop Advisory Group LLC’s investment portfolio, making the stock its 26th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC grew its holdings in Park Aerospace by 42.2% during the second quarter. MCF Advisors LLC now owns 1,226 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 364 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Park Aerospace in the first quarter worth $64,000. Group One Trading LLC bought a new stake in shares of Park Aerospace during the 2nd quarter worth $135,000. State of Alaska Department of Revenue boosted its holdings in shares of Park Aerospace by 28.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,374 shares of the semiconductor company’s stock worth $129,000 after buying an additional 969 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Park Aerospace during the 2nd quarter worth $179,000. Institutional investors own 77.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings upgraded shares of Park Aerospace from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday. Wall Street Zen cut shares of Park Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. Citigroup restated a “market outperform” rating on shares of Park Aerospace in a report on Monday, October 19th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of Park Aerospace in a research report on Friday, October 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Park Aerospace in a research note on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $42.50.

Park Aerospace Stock Up 0.4%

Shares of PKE stock traded up $0.11 during trading hours on Friday, reaching $25.69. 259,958 shares of the company’s stock were exchanged, compared to its average volume of 320,970. Park Aerospace Corp. has a fifty-two week low of $18.25 and a fifty-two week high of $39.86. The stock has a market capitalization of $566.02 million, a P/E ratio of 35.68 and a beta of 0.39. The business has a fifty day moving average price of $30.32 and a 200-day moving average price of $32.84.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings data on Thursday, October 8th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $20.79 million for the quarter, compared to the consensus estimate of $20.01 million. Park Aerospace had a net margin of 18.42% and a return on equity of 11.21%.

Park Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Thursday, October 1st will be paid a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, October 1st. Park Aerospace’s dividend payout ratio is presently 69.44%.

Insider Buying and Selling

In other Park Aerospace news, insider Constantine Petropoulos sold 2,500 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $36.00, for a total value of $90,000.00. Following the completion of the sale, the insider directly owned 2,500 shares of the company’s stock, valued at $90,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.10% of the stock is currently owned by insiders.

Park Aerospace Profile

Park Aerospace Corp. (NYSE:PKE) develops and manufactures advanced composite materials and composite structures primarily for the aerospace industry. Its products are used in commercial aircraft, military aircraft, unmanned aerial vehicles, and other demanding aerospace applications where lightweight construction, strength, and durability are important.

The company’s offerings include carbon-fiber and other composite prepregs, specialized reinforcement materials, honeycomb core materials, film adhesives, and related composite-material systems.