Park Aerospace (NYSE:PKE) Releases Quarterly Earnings Results

Park Aerospace (NYSE:PKE - Get Free Report) released its quarterly earnings data on Tuesday. The semiconductor company reported $0.10 earnings per share for the quarter, Zacks reports. The firm had revenue of $15.40 million during the quarter. Park Aerospace had a return on equity of 7.60% and a net margin of 10.98%.

Park Aerospace Stock Up 7.6%

PKE stock traded up $1.35 during midday trading on Friday, hitting $19.08. The company's stock had a trading volume of 106,425 shares, compared to its average volume of 66,083. Park Aerospace has a 12 month low of $11.96 and a 12 month high of $19.09. The firm has a market capitalization of $379.97 million, a price-to-earnings ratio of 56.13 and a beta of 0.41. The company has a 50 day moving average of $14.32 and a two-hundred day moving average of $13.96.

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be paid a $0.125 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.50 annualized dividend and a yield of 2.62%. Park Aerospace's payout ratio is 147.06%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Park Aerospace from a "buy" rating to a "hold" rating in a research note on Monday, May 19th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Park Aerospace stock. Jones Financial Companies Lllp purchased a new position in Park Aerospace Corp. (NYSE:PKE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,835 shares of the semiconductor company's stock, valued at approximately $52,000. 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.