Park Aerospace (NYSE:PKE) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Park Aerospace Corp. (NYSE:PKE - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.88 and traded as high as $15.41. Park Aerospace shares last traded at $15.29, with a volume of 76,878 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Park Aerospace from a "buy" rating to a "hold" rating in a report on Monday, May 19th.

Park Aerospace Trading Down 0.5%

The stock has a fifty day moving average price of $14.05 and a 200-day moving average price of $13.90. The firm has a market capitalization of $303.98 million, a price-to-earnings ratio of 52.62 and a beta of 0.41.

Park Aerospace (NYSE:PKE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The semiconductor company reported $0.06 EPS for the quarter. The business had revenue of $16.94 million for the quarter. Park Aerospace had a return on equity of 7.21% and a net margin of 9.48%.

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.50 dividend on an annualized basis and a yield of 3.28%. Park Aerospace's dividend payout ratio (DPR) is presently 172.41%.

Institutional Investors Weigh In On Park Aerospace

A number of large investors have recently bought and sold shares of PKE. Bank of New York Mellon Corp boosted its position in Park Aerospace by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 208,834 shares of the semiconductor company's stock valued at $3,059,000 after buying an additional 887 shares during the last quarter. Victory Capital Management Inc. boosted its position in Park Aerospace by 3.7% in the 4th quarter. Victory Capital Management Inc. now owns 179,494 shares of the semiconductor company's stock valued at $2,630,000 after buying an additional 6,420 shares during the last quarter. Brandes Investment Partners LP boosted its position in shares of Park Aerospace by 4.4% in the 4th quarter. Brandes Investment Partners LP now owns 2,524,503 shares of the semiconductor company's stock worth $36,984,000 after purchasing an additional 107,447 shares during the last quarter. Royce & Associates LP boosted its position in shares of Park Aerospace by 55.8% in the 4th quarter. Royce & Associates LP now owns 579,151 shares of the semiconductor company's stock worth $8,485,000 after purchasing an additional 207,478 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Park Aerospace by 113.3% in the 4th quarter. LPL Financial LLC now owns 22,936 shares of the semiconductor company's stock worth $336,000 after purchasing an additional 12,181 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors.

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.