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 research note issued to investors on Wednesday morning.

Park Aerospace Stock Performance

Shares of NYSE PKE opened at $14.07 on Wednesday. Park Aerospace has a fifty-two week low of $11.96 and a fifty-two week high of $16.96. The stock has a market cap of $280.87 million, a PE ratio of 41.38 and a beta of 0.42. The stock has a fifty day moving average of $14.61 and a 200-day moving average of $13.75.

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

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Friday, January 3rd. Park Aerospace’s dividend payout ratio is presently 147.06%.

Institutional Investors Weigh In On Park Aerospace

Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its holdings in shares of Park Aerospace by 166.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 1,488 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of Park Aerospace in the third quarter worth approximately $43,000. Van ECK Associates Corp raised its stake in Park Aerospace by 39.6% in the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 3,146 shares in the last quarter. Townsquare Capital LLC lifted its position in Park Aerospace by 8.3% during the third 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. Finally, Oppenheimer Asset Management Inc. grew its stake in Park Aerospace by 23.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock worth $239,000 after buying an additional 3,507 shares in the last quarter. Institutional investors own 77.83% of the company’s stock.

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.