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

Key Points

• Park Aerospace's stock price has recently crossed above its 200-day moving average, reaching a high of $20.10 before settling at $19.92.
• The company declared a quarterly dividend of $0.125, with an annualized yield of 2.5%, set to be paid on November 5th.
• Analysts maintain a consensus rating of "Hold" for Park Aerospace, which has a market cap of $395.57 million and a price-to-earnings ratio of 58.58.

Park Aerospace Corp. (NYSE:PKE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.85 and traded as high as $20.10. Park Aerospace shares last traded at $19.92, with a volume of 208,261 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Park Aerospace in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".

Park Aerospace Stock Performance

The company has a market cap of $395.57 million, a price-to-earnings ratio of 58.58 and a beta of 0.46. The business's 50 day moving average price is $18.84 and its 200-day moving average price is $15.85.

Park Aerospace (NYSE:PKE - Get Free Report) last posted its earnings results on Tuesday, July 15th. The semiconductor company reported $0.10 earnings per share for the quarter. Park Aerospace had a net margin of 10.98% and a return on equity of 7.60%. The business had revenue of $15.40 million for the quarter.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 1st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. Park Aerospace's dividend payout ratio is presently 147.06%.

Institutional Investors Weigh In On Park Aerospace

Several large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of Park Aerospace by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 726 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Park Aerospace by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 18,561 shares of the semiconductor company's stock worth $250,000 after purchasing an additional 1,033 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Park Aerospace by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 30,657 shares of the semiconductor company's stock worth $453,000 after purchasing an additional 1,421 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Park Aerospace by 0.8% during the 1st quarter. Victory Capital Management Inc. now owns 180,944 shares of the semiconductor company's stock worth $2,434,000 after acquiring an additional 1,450 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Park Aerospace by 11.4% during the 1st quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company's stock worth $191,000 after acquiring an additional 1,456 shares during the last quarter. Institutional investors own 77.83% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.