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

Key Points

• Price action: Park Aerospace shares crossed above their 200‑day moving average, trading as high as $27.86 versus a 200‑day average of $22.34 and last around $26.83 on volume of ~222,285 shares.
• Analyst sentiment: Recent upgrades include Wall Street Zen moving the stock to "strong‑buy" and Weiss Ratings to "buy," leaving the MarketBeat consensus rating at "Buy."
• Dividend risk: Management declared a $0.125 quarterly dividend ($0.50 annualized, 1.9% yield) but the payout ratio is 116.28%, indicating the dividend may be unsustainably high relative to earnings.

Park Aerospace Corp. (NYSE:PKE - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.34 and traded as high as $27.86. Park Aerospace shares last traded at $26.8290, with a volume of 222,285 shares changing hands.

Analysts Set New Price Targets

PKE has been the subject of several research reports. Wall Street Zen upgraded shares of Park Aerospace from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. Weiss Ratings upgraded shares of Park Aerospace from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy".

Park Aerospace Stock Performance

The stock has a fifty day simple moving average of $26.00 and a two-hundred day simple moving average of $22.34. The stock has a market cap of $534.70 million, a PE ratio of 62.39 and a beta of 0.29.

Park Aerospace (NYSE:PKE - Get Free Report) last posted its quarterly earnings data on Tuesday, January 13th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter. Park Aerospace had a net margin of 13.14% and a return on equity of 9.28%. The company had revenue of $17.33 million for the quarter.

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be issued a $0.125 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Park Aerospace's payout ratio is currently 116.28%.

Institutional Trading of Park Aerospace

Several large investors have recently modified their holdings of PKE. Millennium Management LLC lifted its stake in shares of Park Aerospace by 64.4% in the fourth quarter. Millennium Management LLC now owns 110,831 shares of the semiconductor company's stock worth $2,365,000 after acquiring an additional 43,415 shares in the last quarter. AQR Capital Management LLC increased its holdings in Park Aerospace by 51.7% during the 4th quarter. AQR Capital Management LLC now owns 18,762 shares of the semiconductor company's stock worth $400,000 after purchasing an additional 6,391 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Park Aerospace in the 4th quarter valued at approximately $559,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Park Aerospace by 11.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,238 shares of the semiconductor company's stock valued at $1,094,000 after buying an additional 5,237 shares during the last quarter. Finally, &PARTNERS grew its position in shares of Park Aerospace by 5.8% during the fourth quarter. &PARTNERS now owns 21,623 shares of the semiconductor company's stock worth $461,000 after buying an additional 1,194 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

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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