Park Aerospace (NYSE:PKE) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Park Aerospace shares crossed above its 200‑day moving average, trading as high as $33.92 and last at $32.83 versus the 200‑day average of $24.18, signaling a technical breakout.
• Research firms have upgraded the stock (Wall Street Zen to "strong‑buy", Weiss to "buy") and MarketBeat shows a consensus rating of "Buy".
• The company declared a quarterly dividend of $0.125 (1.5% yield) but has a high dividend payout ratio of 116.28%, which could indicate dividend sustainability concerns despite a $654M market cap and a P/E of 76.35.

Park Aerospace Corp. (NYSE:PKE - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.18 and traded as high as $33.92. Park Aerospace shares last traded at $32.8310, with a volume of 113,816 shares changing hands.

Wall Street Analyst Weigh In

PKE has been the topic of several research reports. Wall Street Zen upgraded shares of Park Aerospace from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 21st. Weiss Ratings raised Park Aerospace from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Park Aerospace Trading Down 3.4%

The stock has a market cap of $654.19 million, a P/E ratio of 76.35 and a beta of 0.29. The company's 50 day moving average price is $29.27 and its two-hundred day moving average price is $24.18.

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, April 2nd. Park Aerospace's dividend payout ratio (DPR) is currently 116.28%.

Institutional Investors Weigh In On Park Aerospace

Several hedge funds and other institutional investors have recently modified their holdings of PKE. Strs Ohio grew its holdings in Park Aerospace by 18.9% during the fourth quarter. Strs Ohio now owns 4,400 shares of the semiconductor company's stock valued at $94,000 after purchasing an additional 700 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Park Aerospace by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company's stock valued at $32,000 after buying an additional 726 shares in the last quarter. ARS Investment Partners LLC grew its stake in shares of Park Aerospace by 6.4% during the 4th quarter. ARS Investment Partners LLC now owns 13,085 shares of the semiconductor company's stock valued at $279,000 after acquiring an additional 782 shares during the period. Kennedy Capital Management LLC increased its holdings in Park Aerospace by 0.4% in the 4th quarter. Kennedy Capital Management LLC now owns 228,855 shares of the semiconductor company's stock worth $4,884,000 after acquiring an additional 920 shares in the last quarter. Finally, Ethic Inc. increased its holdings in Park Aerospace by 2.1% in the 4th quarter. Ethic Inc. now owns 46,376 shares of the semiconductor company's stock worth $990,000 after acquiring an additional 940 shares in the last quarter. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

About Park Aerospace

Park Aerospace NYSE: PKE is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.

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