Shares of Park Aerospace Corp. (NYSE:PKE - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.12 and traded as high as $21.36. Park Aerospace shares last traded at $20.88, with a volume of 106,711 shares.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Park Aerospace in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Park Aerospace currently has an average rating of "Hold".
Get Our Latest Analysis on Park Aerospace
Park Aerospace Stock Performance
The business's fifty day moving average is $19.16 and its 200-day moving average is $16.12. The firm has a market cap of $414.68 million, a P/E ratio of 58.00 and a beta of 0.46.
Park Aerospace (NYSE:PKE - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $16.38 million during the quarter. Park Aerospace had a net margin of 11.57% and a return on equity of 7.96%. During the same quarter last year, the business earned $0.10 EPS.
Park Aerospace Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 1st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Park Aerospace's dividend payout ratio (DPR) is currently 138.89%.
Hedge Funds Weigh In On Park Aerospace
Hedge funds have recently made changes to their positions in the stock. Nuveen LLC bought a new position in shares of Park Aerospace during the first quarter worth about $814,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Park Aerospace during the 1st quarter worth approximately $450,000. Russell Investments Group Ltd. raised its holdings in Park Aerospace by 15.8% during the 1st quarter. Russell Investments Group Ltd. now owns 91,037 shares of the semiconductor company's stock worth $1,224,000 after purchasing an additional 12,403 shares during the last quarter. GAMMA Investing LLC raised its stake in Park Aerospace by 1,513.1% during the first quarter. GAMMA Investing LLC now owns 14,405 shares of the semiconductor company's stock worth $194,000 after buying an additional 13,512 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Park Aerospace by 33.9% during the first quarter. Envestnet Asset Management Inc. now owns 37,889 shares of the semiconductor company's stock worth $510,000 after buying an additional 9,597 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors.
About Park Aerospace
(
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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