Park Aerospace Corp. (NYSE:PKE - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.86 and traded as high as $14.92. Park Aerospace shares last traded at $14.82, with a volume of 127,057 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of Park Aerospace from a "buy" rating to a "hold" rating in a research report on Monday, May 19th.
Read Our Latest Stock Report on PKE
Park Aerospace Stock Performance
The stock has a market cap of $306.37 million, a PE ratio of 53.03 and a beta of 0.41. The company's 50-day moving average price is $13.84 and its 200 day moving average price is $13.87.
Park Aerospace (NYSE:PKE - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $16.94 million during the quarter. Park Aerospace had a return on equity of 7.21% and a net margin of 9.48%.
Park Aerospace Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Tuesday, July 1st. Park Aerospace's payout ratio is 172.41%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Park Aerospace in the fourth quarter valued at approximately $47,000. Jones Financial Companies Lllp purchased a new position in Park Aerospace in the 1st quarter valued at approximately $52,000. Tower Research Capital LLC TRC grew its stake in shares of Park Aerospace by 515.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 4,282 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Park Aerospace in the fourth quarter worth $78,000. Finally, OLD National Bancorp IN purchased a new stake in shares of Park Aerospace during the first quarter worth $149,000. 77.83% of the stock is currently owned by hedge funds and other institutional investors.
Park Aerospace Company Profile
(
Get Free Report)
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.
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