Park Aerospace (NYSE:PKE) Stock Price Crosses Above 200 Day Moving Average of $12.81

Park Aerospace Corp. (NYSE:PKE – Get Rating)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.81 and traded as high as $13.15. Park Aerospace shares last traded at $12.72, with a volume of 310,936 shares changing hands.

Analyst Upgrades and Downgrades

PKE has been the topic of a number of recent research reports. TheStreet raised Park Aerospace from a “c+” rating to a “b” rating in a report on Friday, November 25th. StockNews.com raised Park Aerospace from a “hold” rating to a “buy” rating in a report on Tuesday, March 7th.

Park Aerospace Price Performance

The firm has a 50-day moving average of $14.51 and a 200-day moving average of $12.81. The stock has a market cap of $260.38 million, a PE ratio of 32.62 and a beta of 0.57.

Park Aerospace (NYSE:PKE – Get Rating) last released its quarterly earnings results on Thursday, January 5th. The semiconductor company reported $0.12 earnings per share for the quarter. The business had revenue of $13.87 million during the quarter. Park Aerospace had a return on equity of 6.09% and a net margin of 15.05%.

Park Aerospace Dividend Announcement

The company also recently declared a None dividend, which will be paid on Friday, May 5th. Shareholders of record on Monday, April 3rd will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, March 31st. Park Aerospace’s dividend payout ratio is presently 102.56%.

Hedge Funds Weigh In On Park Aerospace

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Park Aerospace by 0.4% during the 1st quarter. BlackRock Inc. now owns 3,090,268 shares of the semiconductor company’s stock worth $40,328,000 after acquiring an additional 13,149 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Park Aerospace by 5.0% during the 3rd 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. Brandes Investment Partners LP lifted its stake in shares of Park Aerospace by 12.2% during the 3rd quarter. Brandes Investment Partners LP now owns 1,247,615 shares of the semiconductor company’s stock worth $13,774,000 after acquiring an additional 135,455 shares during the last quarter. River Road Asset Management LLC lifted its stake in shares of Park Aerospace by 0.5% during the 3rd quarter. River Road Asset Management LLC now owns 1,217,735 shares of the semiconductor company’s stock worth $13,444,000 after acquiring an additional 5,934 shares during the last quarter. Finally, Heartland Advisors Inc. lifted its stake in shares of Park Aerospace by 1.2% during the 3rd quarter. Heartland Advisors Inc. now owns 851,810 shares of the semiconductor company’s stock worth $9,404,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 86.35% of the company’s stock.

Park Aerospace Company Profile

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Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. Its products are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles or drones, business jets, general aviation aircraft, and rotary wing aircraft.