Park Aerospace (NYSE:PKE) Upgraded at Wall Street Zen

Key Points

• Analyst upgrades: Wall Street Zen raised Park Aerospace (NYSE: PKE) from "buy" to "strong‑buy", Weiss Ratings upgraded to "buy (b-)", and MarketBeat shows a consensus rating of "Buy".
• Valuation and trading range: Shares opened at $26.38 with a market cap of $525.65 million and a PE ratio of 61.34; the 1‑year range is $11.97 to $29.60.
• Recent results and ownership: Park Aerospace reported $0.15 EPS and $17.33 million in quarterly revenue with a 13.14% net margin and 9.28% ROE; institutional investors own 77.83% and several funds recently added to or increased positions.

Park Aerospace (NYSE:PKE - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings upgraded Park Aerospace from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

Park Aerospace Price Performance

Shares of NYSE PKE opened at $26.38 on Friday. The company has a market cap of $525.65 million, a PE ratio of 61.34 and a beta of 0.29. The stock has a fifty day moving average price of $25.63 and a 200 day moving average price of $21.93. Park Aerospace has a 1-year low of $11.97 and a 1-year high of $29.60.

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

Hedge Funds Weigh In On Park Aerospace

Large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Park Aerospace in the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets lifted its position in shares of Park Aerospace by 50.0% during 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. Jones Financial Companies Lllp bought a new stake in Park Aerospace in the 1st quarter valued at $52,000. Tower Research Capital LLC TRC lifted its position in shares of Park Aerospace by 241.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company's stock worth $63,000 after acquiring an additional 3,024 shares during the period. Finally, Legal & General Group Plc increased its holdings in Park Aerospace by 161.0% in the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company's stock valued at $69,000 after buying an additional 2,890 shares during the period. Institutional investors own 77.83% of the company's stock.

Park Aerospace Company Profile

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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