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

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

Park Aerospace Stock Down 2.7 %

NYSE PKE opened at $14.59 on Wednesday. Park Aerospace has a 52 week low of $11.96 and a 52 week high of $16.96. The stock has a market capitalization of $290.55 million, a PE ratio of 40.52 and a beta of 0.43. The firm has a 50 day moving average of $14.69 and a two-hundred day moving average of $13.91.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 EPS for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Park Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, January 3rd. Park Aerospace’s dividend payout ratio (DPR) is presently 138.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its holdings in shares of Park Aerospace by 12.0% in 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 buying an additional 229,720 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Park Aerospace by 94.9% in the 3rd quarter. Royce & Associates LP now owns 371,673 shares of the semiconductor company’s stock valued at $4,843,000 after buying an additional 181,006 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Park Aerospace in the 2nd quarter valued at $617,000. Marshall Wace LLP acquired a new position in shares of Park Aerospace in the 2nd quarter valued at $543,000. Finally, JPMorgan Chase & Co. boosted 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 valued at $504,000 after buying an additional 28,924 shares in the last quarter. Institutional investors and hedge funds 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.