Park Aerospace (NYSE:PKE) Stock Crosses Above 200-Day Moving Average of $11.95

Park Aerospace Corp. (NYSE:PKEGet Rating)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.95 and traded as high as $13.67. Park Aerospace shares last traded at $13.64, with a volume of 43,364 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Park Aerospace in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Park Aerospace Stock Up 1.9 %

The business’s fifty day simple moving average is $11.64 and its two-hundred day simple moving average is $11.95. The company has a market cap of $279.22 million, a price-to-earnings ratio of 37.89 and a beta of 0.64.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Monday, October 3rd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.93%. Park Aerospace’s payout ratio is currently 111.11%.

Institutional Trading of Park Aerospace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky acquired a new stake in Park Aerospace during the third quarter worth approximately $28,000. BNP Paribas Arbitrage SNC purchased a new position in shares of Park Aerospace during the third quarter worth approximately $103,000. State Street Corp grew its position in shares of Park Aerospace by 0.4% during the third quarter. State Street Corp now owns 699,442 shares of the semiconductor company’s stock worth $7,792,000 after acquiring an additional 2,682 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Park Aerospace by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 20,090 shares of the semiconductor company’s stock worth $222,000 after acquiring an additional 996 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Park Aerospace by 5.0% during the third quarter. Vanguard Group Inc. now owns 1,379,224 shares of the semiconductor company’s stock worth $15,226,000 after acquiring an additional 66,134 shares during the last quarter. Institutional investors and hedge funds own 89.80% of the company’s 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 in North America, Asia, and Europe. 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.

Further Reading

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