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

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

Park Aerospace Stock Performance

Shares of PKE stock opened at $14.52 on Friday. Park Aerospace has a 52-week low of $11.96 and a 52-week high of $16.96. The business’s fifty day moving average is $14.67 and its 200 day moving average is $13.79. The company has a market capitalization of $289.85 million, a PE ratio of 42.71 and a beta of 0.42.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $16.71 million during the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, January 3rd. Park Aerospace’s dividend payout ratio (DPR) is currently 147.06%.

Institutional Investors Weigh In On Park Aerospace

Large investors have recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its position in shares of Park Aerospace by 8.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 1,248 shares during the last quarter. Foundation Resource Management Inc. boosted its stake in Park Aerospace by 0.4% in the third quarter. Foundation Resource Management Inc. now owns 465,759 shares of the semiconductor company’s stock worth $6,069,000 after buying an additional 2,025 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Park Aerospace by 39.6% during the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 3,146 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of Park Aerospace in the 3rd quarter worth approximately $43,000. Finally, American Century Companies Inc. lifted its holdings in shares of Park Aerospace by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 65,214 shares of the semiconductor company’s stock worth $892,000 after acquiring an additional 3,365 shares during the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

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.