Park Aerospace (NYSE:PKE) Releases Earnings Results

Park Aerospace (NYSE:PKEGet Rating) issued its earnings results on Thursday. The semiconductor company reported $0.10 earnings per share for the quarter, reports. The company had revenue of $12.50 million for the quarter. Park Aerospace had a net margin of 15.80% and a return on equity of 6.37%.

Shares of PKE stock traded up $0.01 during trading hours on Friday, reaching $12.05. The stock had a trading volume of 92,613 shares, compared to its average volume of 92,914. Park Aerospace has a twelve month low of $11.62 and a twelve month high of $16.20. The firm has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $13.15. The firm has a market capitalization of $246.54 million, a PE ratio of 29.39 and a beta of 0.76.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 5th. Investors of record on Friday, April 1st were issued a $0.10 dividend. The ex-dividend date was Thursday, March 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.32%. Park Aerospace’s dividend payout ratio (DPR) is presently 97.56%.

Several hedge funds have recently added to or reduced their stakes in PKE. Public Sector Pension Investment Board increased its stake in Park Aerospace by 1.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 45,542 shares of the semiconductor company’s stock valued at $623,000 after buying an additional 837 shares during the period. State of Tennessee Treasury Department increased its stake in Park Aerospace by 17.9% during the 1st quarter. State of Tennessee Treasury Department now owns 7,119 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 1,079 shares during the period. Intrepid Capital Management Inc. increased its stake in Park Aerospace by 0.6% during the 1st quarter. Intrepid Capital Management Inc. now owns 196,799 shares of the semiconductor company’s stock valued at $2,568,000 after buying an additional 1,189 shares during the period. Geode Capital Management LLC increased its stake in Park Aerospace by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 318,640 shares of the semiconductor company’s stock valued at $4,206,000 after buying an additional 1,454 shares during the period. Finally, Royal Bank of Canada increased its stake in Park Aerospace by 4.3% during the 3rd quarter. Royal Bank of Canada now owns 36,021 shares of the semiconductor company’s stock valued at $492,000 after buying an additional 1,484 shares during the period. 81.19% of the stock is currently owned by institutional investors and hedge funds.

Separately, StockNews.com started coverage on shares of Park Aerospace in a report on Thursday, March 31st. They set a “hold” rating on the stock.

Park Aerospace Company Profile (Get Rating)

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market. It offers advanced composite materials, including film adhesives and lightning strike 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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Earnings History for Park Aerospace (NYSE:PKE)

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